Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: 'Double Top' pattern
There's a 'Double Top' pattern, so the price is declining. In this case, the market is likely going to test the Moving Averages, which could be a departure point for another upward price movement.
The price is testing the 55 Moving Average. Considering the last 'Pennant' pattern, the pair is likely going to test the nearest support area at 1.2348 - 1.2331. If a pullback from this area happens little later on, there'll be a moment for a bullish price movement in the direction of the next resistance at 1.2445 - 1.2476.
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.