Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: 'V-Top' pattern
There's a 'V-Top' pattern, which highlights an opportunity to have a local downward correction. The main intraday target is nearest support at 1.1529 - 1.1508. A pullback from this area could be a departure point for another upward price movement towards the next resistance at 1.1627.
We've got a 'Triple Top', which has been confirmed enough, so the price is declining. In this case, we should keep an eye on the closest support at 1.1540 - 1.1508 as a possible support, which could lead to another bullish really.
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.