Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

EUR/USD: on support of Tenkan
EUR/USD: on support of Tenkan

Expanding bullish Ichimoku Cloud, but Senkou Span A and B are horizontal; a golden cross of Tenkan-sen and Kijun-sen, the horizontal Kijun-sen; the prices are under strong resistance on daily timeframe; the local market is overbought and waiting for correction to Kijun-sen.

EUR/USD: wave (iii) ended
EUR/USD: wave (iii) ended

There’s a pullback from 7/8 MM Level, so wave (iii) ended, so bears are going to deliver wave (iv).

EUR/USD: broken "Pennant"
EUR/USD: broken "Pennant"

Bulls have broken the “Wedge’s” upper side, but the price faced a resistance at 1.0951 afterwards.

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