Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: local bullish 'Thorn' pattern
There's a local bullish 'Thorn' pattern, so the price is consolidating. The main intraday target is the next resistance at 1.1750 - 1.1757. A pullback from this area could be a departure point for a decline towards the closest support at 1.1673 - 1.1649.
The last 'Double Top' has been confirmed, so the market is likely going to achieve the nearest support at 1.1679 - 1.1661. If a pullback from this area happens next, bulls will probably try to test another resistance at 1.1744 - 1.1750.
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.