Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD broke support level 1.1810
- EUR/USD broke support level 1.1810
- Next sell target 1.1710
EUR/USD today broke the support level 1.1810 (which stopped the previous downward impulse (i) at the start of May, as can be seen below). The breakout of the support level 1.1810 continues the active minor impulse wave (iii), which belongs to the impulse waves 3 and (C). EUR/USD is expected to fall further toward the next sell target at the next support level 1.1710 (low of wave 2 from December).
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.