Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

GBP/USD: "Double Top" led to massive decline

The last “Double Top” pushed the price to a support at 1.2382. At the same time, bears are likely going to test the next support at 1.2347 – 1.2323 in the short term.

EUR/USD: euro is going to Cloud’s support
EUR/USD: euro is going to Cloud’s support

Expanding bullish Ichimoku Cloud, rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are near the support of the Cloud.

EUR/USD: wave 2 ended
EUR/USD: wave 2 ended

Wave 2 has been formed like a zigzag. -1/8 MM Level acted as a resistance, so the price is declining in wave (i).

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