The US dollar is currently in a correction, but is likely to continue the trend down.
EUR/USD: price to test nearest resistance
Information is not investment advice
There's a bullish 'High Wave' pattern, which hasn't been confirmed yet. However, it's likely to have an upward correction, so we should watch the nearest resistance at 1.1221 by the last 'Three Methods' pattern. The subsequent pullback from this level could be a starting point for another decline in the direction of the next support at 1.1011.
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.
AUD/USD tried to recover this week, but its advance was stopped by the 100-day MA at 0.6830.
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.