Fed Chair Powell Testifies
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: bearish 'Three Methods' pattern
The last bullish 'Harami' hasn't been confirmed because of the bearish 'Three Methods' pattern. However, the price is likely going to test the upper 'Window', which could be a departure point for another decline.
There's a bearish 'High Wave' pattern, so the price is likely going to reach the lower 'Window' within the next few hours. If a pullback from this level forms afterwards, there'll be an opportunity to have an upward correction.
Galya Svetlova
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