EUR/USD finished this week on the front foot. The price positively tested the major neckline as a new support. What is more, we are inside of a flag, which promotes a further upswing.
USD/JPY, on the other hand, is giving signals of a dollar strength. Here, the price used the inverse head and shoulders to climb higher. Thanks to this, traders managed to break the upper line of the wedge formation, which was limiting the recent correction. Now, the way towards new highs is open.
USD/CHF and we are back to the negative sentiment towards the USD. After the breakout of the lower line of the triangle and the horizontal support on the 0.986, the price is now testing that area as a closest resistance. We had a first bounce and the price is going lower. In addition to that, we have a flag, which should end with a bearish breakout.