Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: opportunity to have upward correction
There's a 'V-Bottom', so the market is likely going to test the 55 Moving Average in the short term. However, if a pullback from this line happens little later on, there'll be a moment to have another decline towards the next support at 1.1365 - 1.1312.
The pair is consolidating between the levels 1.1425 - 1.1335. Previously, we had a 'V-Bottom', so there's an opportunity to have an upward correction. The main intraday target is the nearest resistance at 1.1478. A pullback from this level could lead to another bearish price movement.
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.