Investors want to trade riskier, and dire economic and virus background doesn't stop that. The USD will testify.
EUR/USD: green light for upward correction
Information is not investment advice
There's a 'Triple Top' pattern, which pushed the price lower, so all the Moving Averages have been broken. At the same time, we've got a confirmed 'V-Bottom', which gives green light for an upward correction. In this case, we should watch the nearest important resistance at 1.1275 as the next bullish target. If a pullback from this level happens next, there'll be a moment for another decline in the direction of the previously tested support at 1.1215 - 1.1205.
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!