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: pair declining because of 'Engulfing'
The last bearish 'Engulfing' has pushed the pair lower. The main intraday target is the next support at 1.1417. If any bullish pattern forms little later on, there'll be a moment to have an upward correction.
We've got a bullish 'Hammer', but this pattern hasn't been confirmed yet. So, we should keep an eye on the nearest support at 1.1417 as a possible departure point for the upcoming bullish correction.
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.