The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
EUR/TRY is moving to the support
Information is not investment advice
On H4, the EUR/TRY pair has been moving to the support in the range of 6.52-6.5030 but the level of 6.5453 has been preventing the fall. A breakthrough below 6.5453 will lead EUR/TRY to the range. A move below the range will cause the following decline to 6.4055. If the pair rebounds, we can anticipate a rise to 6.5985 but remember about the trendline that will limit the upward movement.
Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
Technical analysis of the USD/CAD
The British pound has been enjoying itself versus the other major currencies during the past weeks. WIll the advance of the GBP continue?
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.