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: confirmed bearish 'Engulfing'
There's a bearish 'Engulfing', which has been confirmed. Also, we've got a 'Three Methods' pattern, so the price is declining. If a pullback from the closest support at 1.1600 happens next, there'll be time for an upward correction towards the nearest resistance at 1.1676.
We've got a bullish 'Hammer', which hasn't been confirmed yet. In this case, the market is likely going to test the lower 'Window' (1.1600) once again. A pullback from this level could be a starting point for a bullish correction.
Gold is steadily plummeting for the third consecutive day. Where is the bottom? Let’s find out.
UK's Raab supports that virus restrictions are serious, proportionate
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.