Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: 'Engulfing' still unconfirmed
An 'Engulfing', which has been formed at the last local high, is still unconfirmed. So, we could have just an intraday downward correction within the next few hours. A pullback from the nearest support at 1.1662 is likely going to be a starting point for a bullish price movement.
There's a bearish 'Harami'. Also, the 89 Moving Average is acting as resistance. So, the price is likely going to achieve the next support at 1.1553. If a pullback from this level happens next, there'll be a moment for an advance towards the upper 'Window' (1.1662).
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.