Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: bullish 'High Wave'
There's a bullish 'High Wave', so we're likely going to have an upward correction in the short term. Even so, bears will probably try to deliver another decline little later on.
We've got a bearish 'Harami', so the market is going to reach the lower 'Window' within the next few hours. A pullback from this level could be a departure point for a bullish correction.
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.