Daily Market Analysis

There's a developing consolidation, but we've got a confirmed "Inverted Hammer" on the 55 Moving Average.

There's a diagonal triangle in wave (v) of [c], so wave 2 may be ended. In this case, we're likely going to have wave (i).

Recommendation: BUY 0…

Recommendation: SELL 1…

The price is consolidating between the levels 1.2678 - 1.2634. Also, there's a "Pennant" pattern.

There's a "Double Top", which has been confirmed. Therefore, bears are likely going to reach the closest support.

Expanding bearish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen; but the prices are on the strong support and a market is oversold.

Narrowing bullish Ichimoku Cloud, rising Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen; the prices entered into the cloudy area and may going lower to Senkou Span A.

GBP/USD broke support zone Next sell target - 1…

EUR/GBP reached buy target 0…

We've got a pullback from 8/8 MM Level, so wave iv ended on the one-hour chart.

The US dollar index recovered last week from 96…