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: 'Triangle' was broken
The main trend is bearish. The last 'Triangle' was broken, so the market is likely going to test the nearest support at 1.1895 - 1.1879. If a pullback from this area happens little later on, there'll be a moment to have an upward correction.
The price is declining because of the last 'V-Top' pattern. So, we should keep an eye on the next support at 1.1895 - 1.1879 as an intraday target. A pullback from these levels could be a departure point for a 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.