Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

EUR/USD: market has plunged
EUR/USD: market has plunged

Bears faced support at 1.1425, so there's an opportunity to have an upward correction. The main intraday target is the nearest resistance...

EUR/GBP: bulls want to get out
EUR/GBP: bulls want to get out

On the daily chart, EUR/GBP tested the upper border of the 0.8700-0.9020 range. It was formed in line with the “Spike and ledge”.

EUR/USD is losing ground
EUR/USD is losing ground

On the daily chart, bears managed to lead EUR/USD to the lower border of the 1.1510-1.1780 range.

USD/JPY: bears are attacking
USD/JPY: bears are attacking

On the daily chart, bears managed to seize the initiative and return USD/JPY to the long-term downtrend channel.

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