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 formed under the upper 'Window'. In this case, we should keep an eye on the closest resistance at 1.1309 as a possible departure point for a decline in the direction of the next support at 1.1231.
We've got a bullish 'Hammer', but this pattern remains unconfirmed. In this case, it's likely that the price is going to test the nearest resistance at 1.1309 shortly. The subsequent pullback from this level will bring more evidence that the bearish trend is still in force.
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.