Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: 'Window' acted as resistance once again
There's a local bearish 'Harami', which has been confirmed enough. So, the market is likely going to test the nearest support at 1.1606, which could be a starting point for another bullish price movement towards the 89 Moving Average.
The upper 'Window' acted as resistance once again, so we've got another 'Engulfing' pattern. At the same time, there's a bullish 'Harami', so we could have a local upward correction. Even so, the price is likely going to test the lower 'Window' (1.1606).
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.