Oil prices will likely remain elevated as there are no signs that the Middle East tensions will ease anytime soon.
EUR/USD: two 'Three Methods' patterns
Information is not investment advice
There's a bearish correction, which is taking place on the Daily chart. We've got two 'Three Methods' patterns in a row, so it's likely that the pair is going to reach the previously tested resistance at 1.1405. The subsequent pullback from this level could lead to a decline towards the closest support at 1.1292 by the last 'Three Methods' pattern.
CHF/JPY is trading at the resistance line since September 2018 high. The upside is also limited by the 100-day MA at 108.85.
EUR/NZD is consolidating within a symmetric triangle around 1.7400. Where will it go next?
GBP/CAD made a huge leap to the upside yesterday and got above 1.65 and arrived at the resistance line from May.