Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
USD/JPY: bearish 'High Wave'
There's a bearish 'High Wave', which hasn't been confirmed yet. So, we should keep an eye on the nearest resistance at 110.83 as a possible departure point for another decline.
We've got a bearish 'Engulfing' on the 55 Moving Average. It's likely that the pair is going to test the closest resistance at 110.82. If a pullback from this level happens next, there'll be time for a 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.