Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: market is consolidating
Bulls faced with resistance at 1.1675, so the market is consolidating. The main intraday target is the next resistance at 1.1710. A pullback from this level could be a departure point for another decline towards the nearest support at 1.1623 - 1.1607.
The pair is consolidating between the levels 1.1661 - 1.1679. Also, there's a possible 'Pennant' pattern. Therefore, we should keep an eye on the closest resistance at 1.1710 - 1.1726 as the next bullish goal.
Euro has started the morning with the correction after reaching a 3-weeks low with bearish potential
Technical analysis of the USD/CAD
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.
This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.