Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: bullish 'Hammer' pattern
There's a bullish 'Hammer', which hasn't been broken yet. So, the pair is likely going to reach the nearest resistance at 1.1386. If a pullback from this level happens next, bears will probably try to test the lower 'Window'.
We've got a bullish 'Inverted Hammer', which has been confirmed. The main intraday target is the upper 'Window', which could be a starting point for another decline towards the next support at 1.1300.
Euro has started the morning with the correction after reaching a 3-weeks low with bearish potential
Technical analysis of the USD/CAD
The earnings season in the United States is still on. This means that stocks of the largest American companies will likely make big moves.
This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.
After EUR/USD broke the 1.1180/1.1070 range to the downside, it has been trading within the short-term downtrend.