Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: bullish 'Tower' pushing price higher
There's a bullish 'Tower', which hasn't been confirmed yet. So, the price is likely going to test the 34 Moving Average, which could be a starting point for a decline towards the next support at 1.1426.
We've got a local bearish 'Harami', so the pair is likely going to test the nearest support at 1.1503. If a pullback from this level happens next, there'll be a moment to have another upward price movement in the direction of the upper 'Window" (1.1552).
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.