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As expected yesterday, the EURUSD declined sharply creating a strong shooting star on the daily chart. That opens a way to the bigger correction aiming the closest support on the 1.1730. It looks like bears are very determined so the downswing can be actually stronger and can possibly aim the 50% Fibo along with the upper line of the flag.
USDCHF also reversed sharply and used for that a super important support from the January, March and May. The price is now creating a bullish flag. Breakout of its upper line should bring us a buy signal.
USDCAD is also very close to have its own buy signal. What we have here is a bounce from the up trendline, bullish wedge and the inverse head and shoulder. All we need for a proper signal is the breakout of the upper line of the small flag and the resistance on the 1.277
USD recovers from the heavy losses. USDCAD is very close to a major buy signal.
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