Have you seen the USD? It lost value against the EUR and JPY - a rare situation - grab it!
EUR/USD: bearish "Three Methods" pattern
There's a bearish "Three Methods" pattern, which has been formed under the Moving Averages. In this case, the price is likely going to continue declining.
The price is consolidating under the upper "Window". If a pullback from this area happens, we could see a downward price movement towards the next support.
What are the key technical levels for the main pairs? Check the article to set yourself for this day's trends.
EUR/USD ran into resistance of the 100- and 200-week MAs at 1.1340 and slid towards 1.1100.
Risk-on pushed stocks and riskier currencies upward.
It’s simply the question of time before gold price gets to the higher levels…
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