Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: confirmed bullish 'Engulfing'
There's a bullish 'Engulfing', which has been confirmed. Also, there's no any reversal pattern so far. In this case, the market is likely going to test the 144 Moving Average (1.1606), which could be a starting point for a decline towards the nearest support at 1.1504.
We've got a local 'Inverted Hammer', which has confirmation. So, the pair is likely going to reach the upper 'Window" (1.1606) soon. If a pullback from this level forms next, there'll be a green light for downward price movement.
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.