The US dollar is on weak footing after Congress decided to withdraw the healthcare bill, knowing that they didn't have enough votes to repeal Obamacare.
EURGBP has been trending lower on its 1-hour time frame, moving inside a descending channel connecting the latest highs and lows of price action.
The US dollar failed to establish a clear direction in recent trading sessions as Congress decided to delay the vote on the healthcare bill.
EURUSD is starting to trend higher on its 1-hour time frame, moving inside an ascending channel and just coming off a bounce from resistance.
The US dollar sank against its peers as the upcoming vote on the healthcare bill could prove to be a crucial moment for the Trump administration.
USDJPY recently broke down from its range visible on the 4-hour time frame, signaling that a selloff is in order.
The US dollar gave up ground to its counterparts as equity indices closed around 1% lower for the day.
GBPUSD has been moving back and forth between support at the 1.2100 major psychological level and resistance at 1.2700.
The dollar regained a bit of ground against its peers even though there were no major reports out of the US economy.
EURAUD looks ready for a downtrend as the pair formed a head and shoulders pattern on its 1-hour time frame.