Daily Market Analysis

The pair is moving up and down between resistance at 1.2945 and support at 1.2883.

The market is likely going to continue moving up towards the next resistance at 1.1025 - 1.1039 in the short term.

The euro extended its gains to 1…

USD/CHF reached buy target 1…

EUR/USD reversed from support zone Next buy targets - 1…

6/8 MM Level is likely going to act as resistance once again. If we see another pullback from this line, wave (i) is going to be continued.

The market is consolidating along the "Window". Also, there's a "High Wave" pattern at the local high.

The 55 Moving Average and the lower "Window" have acted as support, so we've got a "Three Methods" pattern on this line.

Bank of America FX Strategy Research notes that GBP has been broadly lower in the aftermath of the BoE decision with some of the main pairs having failed to break through resistance in recent weeks…

The 55 Moving Average has acted as support, so we've got a "Double Bottom" on this line.

There's a "Triple Bottom", so the market is likely going to test resistance near the downtrend.

Recommendations:  SELL 123,6 SL 124,15 TP1 122,25 TP2 120,8,  BUY 124,3 SL 123,75 TP1 125,2 TP2 128…