Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD broke key resistance level 1.1710
- EUR/USD broke key resistance level 1.1710
- Next buy target - 1.1850
EUR/USD recently broke through the key resistance level 1.1710 (which stopped the previous minor impulse wave (i) in June, as can be seen below). The breakout of this resistance level should accelerate the active minor impulse wave 1 – which belongs to the intermediate impulse wave (1) from the end of June. EUR/USD is expected to rise further toward the next buy target at the next resistance level 1.1850 (top of waves (a) and 4).
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.