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
Bears faced with support at 1.2186, so the market is consolidating. At the same time, there's a local 'V-Top' pattern, which means the market is likely going to test the next support at 1.2164 - 1.2154 in the coming hours.
The price is declining because of the last 'Double Top' pattern. The main intraday target is the nearest support at 1.2186 - 1.2164, which could be a departure point for an upward correction.
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.