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EUR/USD: main trend still bearish
Information is not investment advice
The main trend is bearish, there's also a 'Harami' pattern, which has been confirmed. So, the market is consolidating around the 'Window'. It's likely to have a local correction towards the 34 Moving Average (1.1360). If a pullback from this level happens next, there'll be a moment to have another decline towards the next support at 1.1164.
Things in the economic world seem to be getting better. Is it better for the USD as well?
The volatility of the oil price these days questions the previously taken uptrend. Or does it not?
AUD/USD broke through the most important daily moving averages, slipped below the support at 0.6830.
This time, the coronavirus has affected not only China but the whole market sentiment. Let’s figure out why this has happened.
On the H1, USD/JPY is recovering after the selloff that took place during the previous three days.