Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
GBP/USD: confirmed 'Double Top'
There's a 'Double Top', which has been confirmed. So, the market is likely going to test the next support at 1.2811 - 1.2773 within the next few hours. If a pullback from this area happens next, there'll be a moment to have an upward price movement towards 1.2911 - 1.2957.
The 34 Moving Average has acted as support, so the price is consolidating. It's likely that the pair is going to test the nearest important support at 1.2811 - 1.2791. This area could be a starting point for a bullish price movement in the direction of 1.2911 - 1.2935.
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.