Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: primary trend is still bearish
The primary trend is still bearish. Also, there's a 'Flag', so the market is likely going to test the next support at 1.1762 - 1.1717. A pullback from this area could be a departure point for an upward correction.
The price is consolidating under the 34 Moving Average. The main intraday target is the nearest support at 1.1751 - 1.1717. If a pullback from this area happens little later on, bulls will probably try to test the closest resistance at 1.1779 - 1.1822.
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.