Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: market to test the lower 'Window'
There's a bullish 'Engulfing', but this pattern hasn't been confirmed yet, so the market is likely going to test the lower 'Window' (1.1327), which acted as support earlier. The subsequent pullback from this level could lead to an upward price movement towards the nearest resistance at 1.1395.
We've got a bearish 'Engulfing', which has been formed on the 34 Moving Average. In this case, the pair is likely going to test the lower 'Window' (1.1327) in the coming hours. If a pullback from this level happens next, bulls will probably try to achieve the previously test resistance at 1.1384.
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.