Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: the 89 Moving Average acted as resistance
The 89 Moving Average has acted as resistance, so there're bullish patterns such a 'Doji' and an 'Engulfing'. In this case, the market is likely going to test the lower 'Window' (1.1305) within the next few hours.
All the Moving Averages have been broken because of the last 'High Wave' and 'Doji' patterns. Meanwhile, if a pullback from the lower 'Window' happens next, there'll be a moment for an upward correction towards the closest support 1.1379.
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.