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
We've got a bullish 'Engulfing', which has been confirmed. Also, there's no any reversal pattern so far, which means the price is likely going to test the 89 Moving Average soon. If this line acts as support, there'll be a moment to have a decline towards the next support at 1.1237.
The market is rising because of the last 'Harami'. It's possible to have support from the lower 'Window', which could be a departure point for another upward price movement. The main intraday target is the nearest resistance at 1.1370.
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.