The US dollar is currently in a correction, but is likely to continue the trend down.
EUR/GBP: there's a 'V-Bottom' pattern
Information is not investment advice
There's a 'V-Bottom' pattern, which led to the current upward price movement. The market has broken all Moving Averages lines, so there're a 'Triangle' and a 'Pennant' patterns. Thus, it's likely that the pair is going to reach the next resistance at 0.8767 - 0.8792 in the short term. If a pullback from this area happens thereafter, then bears will probably try to test the closest support at 0.8699 - 0.8681.
The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
GBP/CAD has broken above the ascending triangle, which is now providing support in the 1.7100/1.7060 area.
EUR/NZD has been descending since the middle of October when it recoiled down from the resistance line connecting 2015 and 2018 highs.
EUR/CAD has formed a couple of higher lows since October. The pair has managed to overcome the 50- and the 100-day MAs at 1.4588 and 1.4640 respectively.