EUR/USD reached buy target 1…
Daily Market Analysis
We’ve got a local bearish “Harami”, which has been confirmed enough, so the current downward correction is likely going to be continued.
Monday’s “Window” has been closed by the last bearish candles, so the price reached the lower “Window”.
Trade scenarios for EUR/USD, AUD/USD and USD/CAD based on key option levels.
The last “Double Top” pushed the price to a support at 1.2382. At the same time, bears are likely going to test the next support at 1.2347 – 1.2323 in the short term.
We’ve got a “V-Top”, so the price reached a support at 1.0797. Meanwhile, the market is likely going to continue falling down towards the next support at 1.0774.
Wave 2 has been formed like a zigzag. -1/8 MM Level acted as a resistance, so the price is declining in wave (i).
NZD/CHF broke powerful support level 0…
Trade scenarios for EUR/USD, GBP/USD and USD/CAD based on key option levels
The last “Tweezers” led to an upward price movement, so the price achieved the Moving Averages.
There’s a “Harami”, which has been confirmed. Therefore, the nearest “Window” is likely going to act as a support during the day.
We’ve got a “V-Top”, so bears are likely going to reach a support area between the levels 1.2506 – 1.2492.