Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
GOLD: 'Window' acted as resistance
The upper 'Window' has acted as resistance, so there's a 'Shooting Star' pattern, which has been confirmed. It's likely that the market is going to reach the nearest important support at 1294.31 in the coming days. The subsequent pullback from this level could be a starting point for an upward price movement towards the previously tested resistance at 1331.05.
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.