Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: two 'High Wave' patterns in a row
The 34 Moving Average is acting as support. At the same time, there's a bullish 'High Wave', but confirmation of this pattern isn't enough. In this case, the price is likely going to continue moving down towards the 89 MA.
There're two 'High Wave' patterns in a row, so the pair is likely going to test the closest resistance. If a pullback from this area happens next, there'll be a moment to have a decline towards the Moving Averages.
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.