Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: no any reversal pattern so far
There's no any reversal pattern so far. It's likely that the market is going to test the nearest resistance at 1.1747. A pullback from this level could be a starting point for a decline towards the next support at 1.1606.
The 34 Moving Average has acted as support. Also, there's a bearish 'Harami', but this pattern hasn't been confirmed yet. So, after a short break, the pair is likely going to test the upper 'Window' (1.1747).
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.