Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: pair reached the Moving Averages
The pair has reached the Moving Averages, but there's no any bullish pattern so far. In this case, the market is likely going to test the nearest support at 1.1678 in the coming hours. A pullback from this level could be a starting point for a bullish price movement towards the next resistance at 1.1784.
There's a 'High Wave' pattern, which hasn't been confirmed yet. So, it's likely that we're going to have a local upward correction in the short term. Anyway, we should keep an eye on the closest support at 1.1677 as an intraday target.
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.