The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
EUR/USD: bullish 'High Wave'
There's a bullish 'High Wave', so we could have an upward correction in the short term. However, if a pullback from the nearest resistance happens next, there'll be an opportunity to have a decline.
We've got a 'High Wave' pattern, so we're likely going to have a bullish correction. Meanwhile, if the Moving Averages act as resistance, bears will probably try to test the next support area.
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.