The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
EUR/USD: 'Harami' led to bullish correction
The last 'Harami' led to the current upward price movement. The main intraday target is the next resistance at 1.1775. A pullback from this level could be a starting point for a decline towards the nearest support at 1.1677.
The previously formed 'Three Methods' acted as support. Also, there's no any reversal pattern so far, which means the pair is going to continue rising. A pullback from the closest resistance at 1.1775 could be the beginning of a bearish correction.
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.