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, which means the market is likely going to continue declining. The main intraday target is the next support at 1.1500. A pullback from this level could be a departure point for an upward correction.
The 21 Moving Average is acting as resistance. Previously, we had a bearish 'Engulfing', which led to the current decline. In this case, the pair is likely going to test the nearest support at 1.1500 within the next few hours.
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.