EUR/USD: bearish "Doji"

EUR/USD: bearish "Doji"


The last "Piercing Line" pushed the price higher. All the Moving Averages have been broken, so the market is likely going to test the nearest resistance area, which could be a departure point for another decline.


There's resistance by the upper "Window", so we've got a bearish "Doji". Therefore, the price is likely going to test the Moving Averages during the day. If a pullback from these lines happens, bulls will probably try to test the last high.



USD/JPY: "Doji" pattern

The 21 Moving Average acted as resistance, so the pair is likely going to test the lower "Window" soon...


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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