Daily Market Analysis

There's a bullish "Inverted Hammer", which has confirmation, so we're about to have a new local high.

The price is testing 7/8 MM Level, so wave 2 is about to end. If we see a pullback from this level, there'll be an opportunity to have wave (i).

The pair is consolidating along the 55 MA, so bulls are going to achieve the closest resistance at 1.2964 - 1.2995.

We've got a "V-Top" at the local high. If this pattern confirms, bears are likely going to test support at 1.1066.

EUR/NZD rising inside minor impulse wave 5 Next buy target - 1…

EUR/GBP rising inside impulse waves 3 and (3) Next buy target - 0…

There's a double zigzag in wave 2. It seems like a bullish impulse in wave (c) of [y] is going to end in the coming hours.

The 21 Moving Average is acting as support, so the price is likely going to test the nearest resistance.

We've got a bullish "Three Methods" pattern, so the price is likely going to test the upper "Window".

The pair is moving up and down between resistance at 1.2945 and support at 1.2883.

The market is likely going to continue moving up towards the next resistance at 1.1025 - 1.1039 in the short term.

USD/CHF reached buy target 1…