The main intraday target is the nearest resistance at 1.1478. A pullback from this level could lead to another bearish...
Daily Market Analysis
EUR/GBP can’t leave the consolidation range of 0.87-0.9020. It was formed in line with the “Spike and ledge” pattern.
On the daily chart, bears are in control. They are still hoping to push the pair to 200% target of AB=CD.
Bearish Ichimoku Cloud with falling Senkou Span B; a cancelled golden cross of Tenkan-sen and Kijun-sen.
Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen with horizontal lines.
At the end of this week, USD/CAD pair is still in the bullish zone.
EUR/CHF reversed from support level 1…
EUR/CAD reversed from long-term support level 1…
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The main intraday target is the lower 'Window' (110.75). This level could be a starting point for another bullish price movement...
Previously, we had a 'Harami', which led to the current decline. The main intraday target is the next support at 1.1284, which could be...
The market is likely going to reach the closest support at 1.2665 - 1.2661 shortly...