Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
USD/JPY: 'High Wave' led to consolidation
The market has been consolidating since a bearish 'High Wave' was formed. It's likely that after a short break the pair is going to achieve the next support level at 111.90.
There's a bullish 'Hammer', which has been confirmed. So, the price is likely going to test the closest resistance at 112.63, which could be a departure point for a decline in the direction of another support at 111.90.
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.