Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
USD/JPY: bearish 'High Wave' pattern
There's a bearish 'High Wave' pattern, which has been confirmed enough. Thus, the pair is going to test the nearest support at 110.54. This level could be a starting point for another bullish rally towards the upper 'Window' (112.54), which could act as resistance. If so, all eyes will be on the lower 'Window' (109.38), which acted as support before.
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.