The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
EUR/USD: pair to test nearest resistance
There's a bullish 'Harami' pattern, which has been confirmed. In this case, the pair is likely going to achieve the previously tested resistance at 1.1418. If a pullback from this level happens next, bears will probably try to reach the closest support at 1.1335.
The last 'Shooting Star' pattern has still no confirmation, so the market is likely going to test the nearest resistance at 1.1418 in the coming hours. Meanwhile, a pullback from this level could be a starting point for a decline in the direction of the lower 'Window' (1.1335).
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?