EUR/USD has turned up from the 50-day MA at 1.1715 yesterday. This is a sign that buyers are strong. Still, the short-term resistance line limits the upside at 1.1870.
USD/CHF: the franc is gaining strength
SELL 1.0045 SL 1.01 TP1 0.9945 TP2 0.99 TP3 0.983
On the daily chart of USD/CHF, there is a transformation of the "Shark" pattern into 5-0. The pair needs to break the parity level and update the November's maximum to continue rising towards the targets of "Wolfe Waves" and AB=CD patterns.
On H1, the implementation of the "Spike and Ledge" and "Broadening Wedge" patterns continues. The rebound from the 1.002 and 1.0045 resistances (50% and 61.8% from the 4-5 wave) can be used to open short positions.
USD/JPY is declining for the fifth day in a row. When the pair fell below 105.00, it entered a new, lower range.
The resistance line is limiting USD/JPY on the upside and, unless the pair tries for a breakout (which anyway will meet resistance at 106.50 and 106.80), the easiest path for it will be to go down.
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.