Will the CHF bounce back down from the resistance?
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.
Galya Svetlova
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