Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
GBP/USD: 'Triple Top' led to consolidation
The price is consolidating right after the last 'Triple Bottom' was formed. We're likely going to have a local downward correction soon, but then bulls will probably try to test the 55 Moving Average.
There's a 'V-Bottom', so the price is rising. The main intraday target is the closest resistance at 1.3579 - 1.3606. A pullback from this area could be a departure point for another decline.
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.