Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: 'Double Bottom' pattern
The main trend is still bearish, but there's a 'Double Bottom', so the price is rising. It's likely that the market is going to test the next resistance at 1.1762 - 1.1799, which could be a departure point for another decline.
There's a possible 'Triangle', which hasn't been finished yet. In this case, we should keep an eye on the nearest support at 1.1679 - 1.1661 as an intraday target. If a pullback from this area happens little later on, there'll be a moment to have an upward price movement towards the next resistance at 1.1749 - 1.1762.
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.