Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
GBP/USD: market is consolidating
We've got a 'V-Top', so the market is consolidating. It's likely that the pair is going to reach the closest resistance at 1.3291 - 1.3314. This area could be a starting point for a decline towards the 34 Moving Average.
There's a 'V-Bottom', so the market is likely going to test the nearest resistance at 1.3314 in the coming hours. Meanwhile, if a pullback from this level forms little later on, bears will probably try to reach the next support at 1.3222.
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.