Daily Market Analysis

There's a consolidation, which is taking place on the four-hours chart. Also, we've got a bullish "Tweezers".

The last upward trend has been broken, so the price meet with support at 1.2755, which led to forming a "V-Bottom" pattern.

The price is consolidating between resistance at 1.1267 and support at 1.1171. Also, we've got a "Double Top" pattern.

Recommendation: BUY 111,95 SL 111,4 TP 113,9 TP2 117…

Recommendation: BUY 124,9 SL 1,2435 TP 127,9…

The start of this week was really quiet with the UK, the US observing Memorial Day and China celebrating Dragon Boat Festival…

Technical levels: support – 111…

Narrow bullish Ichimoku Cloud, falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the prices are under the Cloud.

EUR/GBP reached buy target 0…

GBP/NZD broke daily up channel Next sell target - 1…

There are a "Doji" and an "Engulfing", so the price is likely going to get resistance in the middle of the last huge black candle.

There's a correction, which is taking place on the four-hours chart. Also, we've got a developing a "Three Methods" pattern.