Fed Chair Powell Testifies
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: market is consolidating
The market is consolidating between the levels 1.1553 - 1.1652. Previously, the last 'Flag' pattern has been broken. In this case, the pair is likely going to test the next support area at 1.1509 - 1.1478 in the coming hours.
There's a 'Double Bottom', so the price is rising. It's likely that the market is going to test the nearest resistance at 1.1607 - 1.1623, which could be a departure point for another downward price movement.
Sergey Logachev
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