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EUR/USD: 'Harami' on the last high
There's a 'Harami', which has been formed at the last local high. So, the market is likely going to test the next support at 1.1367, which could be a starting point for another bullish rally.
The 34 Moving Average and the lower 'Windows' are acting as support, so the pair is likely going to test the nearest resistance at 1.1425. A pullback from this level could lead to a downward price movement.
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.