Will the CHF bounce back down from the resistance?
Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: 'Three Methods' pattern
The price has reached the 34 Moving Average, but we've got a 'Three Methods' pattern. In this case, the market is likely going to continue declining towards the 89 & 144 Moving Averages. If a pullback from these lines happens next, there'll be a moment for another bullish rally.
There's a bullish 'Doji', but confirmation of this pattern is quite weak. Previously, a 'Hanging Man' pattern was formed. Thus, we should watch the 34 Moving Average (1.1485) as a possible departure point for a decline in the direction of the lower 'Window' (1.1412).
Galya Svetlova
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EUR/USD at the 3-weeks low
Euro has started the morning with the correction after reaching a 3-weeks low with bearish potential
The USD/CAD consolidated at the resistance of the Moving Average and psychological levels
Technical analysis of the USD/CAD
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EUR/CHF looks ill
This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.
EUR/USD is under pressure
After EUR/USD broke the 1.1180/1.1070 range to the downside, it has been trading within the short-term downtrend.
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