The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
EUR/USD: 'Three Methods' led to decline
There's a bearish 'Three Methods' pattern, which has been confirmed. So, the market is likely going to test the next support at 1.1301 shortly. A pullback from this level could be a starting point for a bullish correction towards the 34 Moving Average.
We've got a bearish 'Hanging Man', so the price is declining. The main intraday target is the nearest support at 1.1301. If a pullback from this level happens next, there'll be a moment to have an upward correction.
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.