Daily Market Analysis

EUR/USD hit 1…

There's a consolidation, which is taking place under resistance at 1.2988. The 34 Moving Average is acting as support.

There's a "Triple Top" pattern, which has been confirmed, so the price is consolidating.

On the EUR/USD daily chart, there is a change in the long-term downward trend…

Recommendation: BUY 0,695 SL 0,6895 TP 0,708…

The US dollar was hurt and Treasury yields declined with allegations against Trump on the collusion between his election campaign and Russian entities…

USD/CHF reached sell target 0…

EUR/USD reached buy target 1…

There isn't any reversal pattern, so the current decline is going to be continued until any bullish pattern arrives.

There's a bullish "Inverted Hammer", which has confirmation, so we're about to have a new local high.

The price is testing 7/8 MM Level, so wave 2 is about to end. If we see a pullback from this level, there'll be an opportunity to have wave (i).

The bullion rose to $1245 as Trump-related news sparked safe-haven demand…