Daily Market Analysis

We've got a pullback from 8/8 MM Level, so wave iv ended on the one-hour chart.

There isn't any bullish pattern so far, which means all last candles are bearish.

There's a new "Window", which was formed this morning. Also, we've got a "Belt Hold" pattern.

We've got a bullish "Thorn", so the price is consolidating. In this case, we should keep an eye on the nearest support at 1.2705.

We've got a "Rising Wedge", so the price formed a pullback from the 55 Moving Average, which led to the current consolidation.

On the daily EUR/USD chart bears failed to break support at 1…

CAD/JPY reversed from support zone Next buy target - 83…

GBP/CHF reversed from resistance zone Next sell target - 1…

The price has been rising since we had an "Inverted Hammer" at the last low.

We've got an "Inverted Hammer" at the last low, but confirmation of this pattern is a quite weak.

The last upward "Wedge" has been broken, so the pair plunged like a stone. Finally, bears meet with support at 1.2634.

We've got a "Triple Top", which has been confirmed, so the price is consolidating between the 34 & 55 Moving Averages.