The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
EUR/USD: 'Harami' led to upward correction
The last bullish 'Harami' led to the current upward correction. However, there's a bearish 'Evening Star', so the price is likely going to test the next support at 1.1433 within the next few hours.
There's a bearish 'Tweezers', which has been formed on the 34 Moving Average. In this case, we should keep an eye on the nearest support at 1.1433 as the next target. At the same time, it's possible to have a local correction to 1.1560 during the day.
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.