Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: market to test nearest support
There's a 'V-Top', so the market is likely going to test the nearest support at 1.1675 in the coming hours. A pullback from this level could be a departure point for an upward price movement towards the next resistance at 1.1726 - 1.1749.
There's a 'Double Top', so the price is declining. The main intraday target is the closest support at 1.1661 - 1.1652. If a pullback from this area happens little later on, there'll be a moment for another bullish rally.
Euro has started the morning with the correction after reaching a 3-weeks low with bearish potential
Technical analysis of the USD/CAD
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.
After EUR/USD broke the 1.1180/1.1070 range to the downside, it has been trading within the short-term downtrend.