The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
EUR/USD: market to test 34 Moving Average
The main trend is bearish. There's no any reversal pattern, so the market is likely going to test the next support at 1.1808 - 1.1791. A pullback from this area could be a departure point for an upward correction towards the nearest resistance at 1.1846 - 1.1859.
There's a 'V-Bottom', so the market is likely going to test the 34 Moving Average. Meanwhile, if a pullback from this line happens, there'll be an opportunity to have just another decline.
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
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.
AUD/JPY has reached the support line connecting August and October lows in the 73.30 area. What's next?