The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
EUR/USD: bearish 'Engulfing' pattern
There's a bearish 'Engulfing', so the market is likely going to test the nearest support at 1.1730. If a pullback from this level forms next, bulls will probably try to reach another resistance at 1.1836.
We've got bearish patterns such a 'Shooting Star' and a 'Harami', which means the pair is going to test the 34 Moving Average (1.1730). A pullback from this line could be a departure point for a rally towards the next resistance at 1.1836.
Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
Euro has started the morning with the correction after reaching a 3-weeks low with bearish potential
It looks like GBP/JPY is finally trying to break out of the recent consolidation. Learn more!
Last week XAU/USD recovered 38.2% of the November decline. However, the advance of gold was limited by the declining 50-period MA on the H4.
GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.