EUR/USD: 34 MA going to act as support

EUR/USD: 34 MA going to act as support

0801eurusdh4 (1).png

There's a "Shooting Star", which has been confirmed. So, the 34 Moving Average is likely going to act as support in the short term. This line could be a departure point for a local upward correction.

0801eurusdh1 (1).png

There's a "High Wave", but confirmation of this pattern is a quite weak. Therefore, we should keep an eye on the upper "Window" as an intraday target.




Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

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