The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
EUR/USD: market to test nearest resistance
There's an 'Inverted Hammer', so the market is likely going to test the nearest resistance at 1.1674. A pullback from this level could be a departure point for another decline.
We've got a 'Morning Star', which has been confirmed enough. So, after a short break, the market is likely going to continue rising towards the upper 'Window' (1.1674).
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.