Will the CHF bounce back down from the resistance?
Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: bearish 'Three Methods' pattern
The last bullish 'Harami' hasn't been confirmed because of the bearish 'Three Methods' pattern. However, the price is likely going to test the upper 'Window', which could be a departure point for another decline.
There's a bearish 'High Wave' pattern, so the price is likely going to reach the lower 'Window' within the next few hours. If a pullback from this level forms afterwards, there'll be an opportunity to have an upward correction.
Galya Svetlova
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