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There's a developing 'Rising Wedge' pattern. It's likely that the market is going to test the next resistance at 1.3172 - 1.3216 soon. If a pullback from this area happens next, there'll be a moment to have a bearish correction towards the nearest support at 1.3123 - 1.3102.
The market is consolidating above the Moving Averages. It's likely that the pair is going to reach another resistance at 1.3172 - 1.3216 within the next few hours. This area could be a starting point for a decline in the direction of the Moving Averages.
European shares fell on Monday as rising COVID-19 infection rates in Europe prompted renewed lockdown measures in some countries, casting doubt over the economic recovery, with a lack of U.S. stimulus also weighing on sentiment.
The U.S. Commerce Department said it will issue an order Friday that will bar people in the United States from downloading Chinese-owned messaging app WeChat and video-sharing app TikTok starting on September 20.
US stock markets tumbled at the opening on Thursday as the Federal Reserve's warnings about a slow recovery from the pandemic.
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.
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