Daily Market Analysis

EUR/JPY is correcting up. There’s a bullish impulse on H4.

Now we are much more certain that the pair will test lower levels.

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EUR/GBP Technical Analysis   The Backdrop The EUR/GBP pair has been steadily rising since May 6th as the uncertain political backdrop inside the United Kingdom continued to hurt the trading sentiment towards the British pound currency…

Theresa May will leave her position of PM on June 7. What will happen next?

Risk aversion persists and so far there are no signs that the situation will improve.

The commodity is hurt by the uncertainty about the US-China trade tension and the future of global oil demand for the rest of the year.

It's likely that the pair is going to test the closest resistance at 1.3563. If a pullback from this level happens next...

We should watch the next resistance at 1286.15 - 1295.25 as a potential target...

Despite the prevalence of the pro-European parties, the situation did not become any brighter after the elections as a lot of factors put additional pressure on the Eurozone.

There's a bullish 'Hammer' pattern, which hasn't been confirmed enough. In this case, it's likely that the market is going to test...

We should watch the next resistance at 0.8860 - 0.8885 as an intraday target. If a pullback from these levels happens next...