Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: 'Three Methods' pattern
There's a 'Three Methods' pattern, which has been confirmed. So, the market is likely going to test the nearest support at 1.1560. A pullback from this level could lead to an upward correction.
We've got a 'High Wave', which has a weak confirmation. In this case, the market is likely going to reach the closest support at 1.1587, which could be a departure point for a bullish price movement towards the 55 Moving Average.
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.