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: local 'V-Top' pattern
There's a local 'V-Top', so there's an opportunity to have a local downward correction. The main intraday target is the 89 Moving Average, which could be a departure point for another bullish rally towards the next resistance at 1.1790 - 1.1820.
We've got a 'Triple Top' pattern, which has been confirmed. Also, we've got a 'V-Bottom', so the pair is likely going to reach the closest resistance at 1.1777. If a pullback from this level happens next, there'll be a moment for a decline in the direction of the next support at 1.1690.
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.