Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

EUR/USD: price going to test 21 MA
EUR/USD: price going to test 21 MA

Bulls are likely going to test the upper "Window". If this level acts as resistance, bears will probably try to test the next support area...

GBP/USD: "V-Top" pattern

We should keep an eye on the nearest support at 1.3915 as an intraday target. If a pullback from this level happens afterwards...

EUR/USD: bearish
EUR/USD: bearish "Flag" pattern

The pair is likely going to test the closes support at 1.2355 - 1.2325. However, if a pullback from these levels arrives little later on...

GBP/USD: "V-Top" pattern

We're likely going to have a downward correction. It's likely that bears are going to test the closest support at 1.4066 during the day...

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