Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: bearish 'Tweezers' and 'Engulfing'
There're bearish patterns such a 'Tweezers' and an 'Engulfing', so the market is likely going to test the nearest support at 1.1381 by the middle of the last advance. The subsequent pullback from this level could lead to another bullish price movement towards the next resistance at 1.1478.
The market is still consolidating above the Moving Averages. Also, we've got a bearish 'Engulfing' pattern, which has been confirmed. In this case, it's likely that the price is going to achieve the previously tested support at 1.1381 in the coming hours.
Euro has started the morning with the correction after reaching a 3-weeks low with bearish potential
Technical analysis of the USD/CAD
After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.
AUD/USD that has settled below the 100-day MA in the 0.6840 area. Learn more!
The earnings season in the United States is still on. This means that stocks of the largest American companies will likely make big moves.