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 still no any reversal pattern so far, so the market is likely going to test the next support at 1.1284 soon. If a pullback from this level happens next, we're going to have an upward correction towards the closest resistance at 1.1434.
The last 'Hanging Man' pushed the price lower. It's likely that bears are going to achieve the nearest support at 1.1284 within the next few hours. This level could be a departure point for a bullish correction in the direction of the 89 Moving Average.
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.