Daily Market Analysis

We should keep an eye on the next support at 1.2661 - 1.2614 as a possible departure point for an upward correction...

The main intraday target is the nearest resistance at 1.1478. A pullback from this level could lead to another bearish...

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...