The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
EUR/USD: 'Window' acted as support once again
The lower 'Window' has acted as support once again, so there's a bullish 'Three Methods' pattern. Therefore, the price is likely going to test the closest resistance at 1.1416. The subsequent pullback from this area could lead to a decline towards 1.1310.
There's a local 'Shooting Star' pattern, which has been formed under the upper 'Window'. However, if the Moving Averages act as support, there'll be time for an upward price movement in the direction of the next resistance at 1.1416.
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.