Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: 'Shooting Star' led to decline
The market has been declining since a 'Shooting Star' formed at the last high. At the same time, there's a bearish 'Three Methods' pattern, so the price is likely going to test the next support at 1.1363 soon. If a pullback from this level happens next, bulls will probably try to reach the closest resistance at 1.1492.
There's consolidation, which is taking place in a range of the 'Window'. Also, there's a 'Harami', which has been confirmed. In this case, we should watch the nearest support at 1.1363 as the next target, which could be a departure point for an upward 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.