Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: bullish 'Three Methods' pattern
There's a bullish 'Three Methods' pattern, so the pair is likely going to test the next resistance at 1.1495 shortly. However, if any bearish pattern arrives little later on, there'll be a moment to have a decline towards the nearest support at 1.1395.
The pair has been rising since the last 'Doji' pattern formed. The main intraday target is the closest resistance at 1.1495, which could be a starting point for a decline in the direction of the Moving Averages and the lower 'Window'.
Euro has started the morning with the correction after reaching a 3-weeks low with bearish potential
Technical analysis of the USD/CAD
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.
This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.