Investors want to trade riskier, and dire economic and virus background doesn't stop that. The USD will testify.
EUR/GBP: 'Pennant' led to bullish rally
Information is not investment advice
The market has been rising since the last 'Pennant' pattern formed. Considering the last 'Thorn' pattern, the pair is likely going to test the nearest resistance at 0.8860 - 0.8885. The subsequent pullback from this area could be a starting point for a downward correction, so we should keep an eye on the closest support at 0.8838 - 0.8811 as an intraday target.
The Canadian employment change has been published together with the US PPI. Don't miss the best chance of this week!
Yellow metal has become the best performing asset during the coronavirus. Some analysts foresee it will reach $2 000.
EUR/JPY is likely to move further within an uptrend. Look for the break out above 121.55!