The JPY is the strongest and the NZD is the weakest. Jump in for the fresh analysis!
EUR/USD: bullish 'Tower' pushing price higher
There's a bullish 'Tower', which hasn't been confirmed yet. So, the price is likely going to test the 34 Moving Average, which could be a starting point for a decline towards the next support at 1.1426.
We've got a local bearish 'Harami', so the pair is likely going to test the nearest support at 1.1503. If a pullback from this level happens next, there'll be a moment to have another upward price movement in the direction of the upper 'Window" (1.1552).
Asian equity markets were subdued, and US equity futures traded choppy after last Friday’s losses on Wall Street.
The U.S. Commerce Department said it will issue an order Friday that will bar people in the United States from downloading Chinese-owned messaging app WeChat and video-sharing app TikTok starting on September 20.
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.
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.