Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: "V-Top" pattern
The main trend is still bullish. Also, there's a "Double Bottom", which has been confirmed, so the price is rising. It's likely that the market is going to test the next resistance area at 1.2384 - 1.2412, which could be a departure point for a decline.
All the Moving Averages have been broken. However, there's a "V-Top" pattern, so the pair is likely going to test the nearest support at 1.2313. If a pullback from this level happens little later on, bulls will probably try to achieve another resistance at 1.2384 - 1.2415.
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.