Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: 'Thorn' pattern
There's a 'Thorn' pattern, so the price is testing the nearest support at 1.2377. It's likely that the market is going to test the next support at 1.2358 - 1.2344 in the coming hours. If a pullback from this area happens, there'll be an opportunity to have another bullish rally.
We've got a 'V-Top', so the market is declining. It's likely that the pair is going to test the 55 Moving Average, which could be a departure point for an upward price movement towards another resistance at 1.2421 - 1.2441.
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.