Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
GBP/USD: confirmed 'Double Bottom'
There's a 'Double Bottom' pattern, which has been confirmed. In this case, the pair is likely going to reach the previously tested resistance at 1.3193 - 1.3216. If a pullback from this area happens little later on, bears will probably try to achieve the nearest support at 1.3072.
The 89 Moving Average has acted as support, so there's a 'Triple Bottom' pattern. In this case, we should watch the closest resistance at 1.3193 - 1.3216 as an intraday target. The subsequent pullback from these levels could be a starting point for a downward correction.
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.