EUR/GBP: bulls are resuming the trend

EUR/GBP: bulls are resuming the trend


BUY 0.8990

SL 0.8935

TP1 0.9075 TP2 0.9200

On the daily chart, EUR/GBP is forming the “Dragon” pattern. The first condition of its realization is the return of the pair inside the previous short-term uptrend channel. A successful test of resistance at 0.8980 will be the signal.


On H1, EUR/GBP formed a widening wedge pattern. Return of the pair to support at 0.8800 with the following successful test is a signal for selling. On the other hand, successful test of resistance at 0.8990 will open way to the north for bulls.



EUR/USD: euro on new lows

Bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, but the lines are horizontal



Morning brief for June 2

Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…

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