The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
EUR/USD: price approaching 144 Moving Average
There's a bullish 'Three Methods' pattern, so the price is rising and approaching the 144 Moving Average. If a pullback from this line happens next, there'll be a moment to have a decline towards the closest 'Window' at 1.1321.
We've got bullish patterns such an 'Engulfing' and a 'Three White Soldiers', which both pushed the price higher. The main intraday target is the upper 'Window' (1.1402), which could be a starting point for a downward price movement.
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.