Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

EUR/USD: developing wave [ii]
EUR/USD: developing wave [ii]

The price is still declining, which means we should keep an eye on 0/8 MM Level as the nearest bearish target...

EUR/USD:
EUR/USD: "Double Top" pattern

The last "Double Top" pattern led to the current decline. The main intraday target is the nearest support at 1.1745 - 1.1719.

USD/JPY: bullish
USD/JPY: bullish "Hammer"

The 89 Moving Average is acting as support, so we've got a bullish "Hammer" on this line. Therefore, the pair...

EUR/USD: bullish
EUR/USD: bullish "Hammer"

The price reached the nearest support, so we could have a reversal bullish pattern soon. If so, the price is likely going to...

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