Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: local 'V-Top' pattern
There's a local 'V-Top', so there's an opportunity to have a local downward correction. The main intraday target is the 89 Moving Average, which could be a departure point for another bullish rally towards the next resistance at 1.1790 - 1.1820.
We've got a 'Triple Top' pattern, which has been confirmed. Also, we've got a 'V-Bottom', so the pair is likely going to reach the closest resistance at 1.1777. If a pullback from this level happens next, there'll be a moment for a decline in the direction of the next support at 1.1690.
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.