Daily Market Analysis

There's a developing impulse in wave C of (E). The main bullish target is +1/8 MM Level, which could be a departure point for an impulse wave.

The 34 MA has acted as support, so we've got a bullish "Hammer" on this line. If this pattern confirms, the price is likely going to...

The price has been rising since a pullback from the nearest Moving Average happened. Also, there isn't any bearish pattern so far.

The price found resistance at 1.2757, so bears achieved support at 1.2705. In this case, the market is likely going to...

Bears faced support on the 34 MA. So, the pair is likely going to reach the next resistance at 1.1219 - 1.1227 during the day.

Expanding bullish Ichimoku Cloud, rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen and  Kijun-sen; the prices are supported by Tenkan-sen and Kijun-sen.