Daily Market Analysis

Wave iv of (v) may have been ended, so we could have a new local high in the coming hours.

The price reached the nearest "Window", so there's an opportunity to have a bullish pattern.

We've got a bearish correction, which is taking place on the one-hour chart. However, there's a bullish "High Wave".

Bulls faced resistance at 1.2945, so the pair is likely going to achieve the closest support at 1.2901 in the short term.

The price is consolidating between the nearest resistance at 1.1278 and the 34 Moving Average.

This is all about this Thursday when the UK general election together with the ECB monetary policy meeting will be held and James Comey will testify before Congress on whether Trump pressured him to end the Russian probe into Michael Flynn or not…

Recommendations: SELL 0,962 SL 0,9675 TP1 0,952 TP2 0,9535, BUY 0,9665 SL 0,961 TP1 0,9745 TP2 0,978…

On the EUR/USD daily chart, the quotes are moving towards the resistance at 1…

Markets today are exceptionally quiet before the great Thursday with ECB meeting, UK general election, and Comey’s testimony all scheduled for the same day…

Narrowing bearish Ichimoku Cloud and horizontal Senkou Span B; a golden cross of Tenkan-sen and Kijun-sen under the Cloud; the prices broke the Cloud’s resistance and entered into the positive area.

Expanding bullish Ichimoku Cloud, but Senkou Span A is horizontal; a golden cross of Tenkan-sen and Kijun-sen, horizontal Tenkan-sen and Kijun-sen; the market is overbought, but prices are supported by Tenkan-sen.

AUD/JPY reversed from support zone Next buy target - 84…