Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
GBP/USD: market to test the nearest support
Bulls faced with resistance at 1.3300 and there's a 'V-Top', so the market is likely going to test the nearest support at 1.3172 - 1.3143. A pullback from this area could be a starting point for another upward price movement towards the next resistance at 1.3244 - 1.3268.
There's a 'Double Top' pattern, which has been confirmed, so the price is declining. The main intraday target is the closest support at 1.3172, which is near the 55 Moving Average. If a pullback from this level happens next, there'll be a moment to have a bullish price movement to 1.3244 - 1.3268.
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.