Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: pair declining because of 'Engulfing'
The last bearish 'Engulfing' has pushed the pair lower. The main intraday target is the next support at 1.1417. If any bullish pattern forms little later on, there'll be a moment to have an upward correction.
We've got a bullish 'Hammer', but this pattern hasn't been confirmed yet. So, we should keep an eye on the nearest support at 1.1417 as a possible departure point for the upcoming bullish correction.
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.