Gold has started a remarkable downside correction and stands on the key 23.6% retracement area after a failure to hold the 38.2% retracement area.
EUR/USD: another pullback from 144 MA
The 34 Moving Average is acting as resistance, so there's a bearish 'Shooting Star', which has been confirmed. In this case, the market is likely going to test the lower 'Window' (1.1107) within the next few hours.
There's another pullback from the 144 Moving Average, so we've got a 'Shooting Star' pattern. Therefore, we're likely going to have a decline shortly, which means we should watch the next support at 1.1227 as an intraday target.
UK's Raab supports that virus restrictions are serious, proportionate
The dollar index was up late Tuesday afternoon in Asia, extending the 0.8% gain in the previous session, when COVID-19 fears and worries over the US Congress’ stimulus impasse drove a selloff across other assets.
Bank of England Governor Andrew Bailey delivered a speech today. Let’s discuss what it means for a trader.