EUR/USD: bearish "Flag"

EUR/USD: bearish "Flag"

EUR/USD: bearish "Flag"

The main trend is still bearish. The price faced a support at 1.0571, so we’ve got a “Double Bottom” pattern. Meanwhile, bears are likely going to test the nearest support at 1.0629 – 1.0617 in the short term. If a pullback from this area happens, there’ll be an opportunity to have an upward price movement towards a resistance at 1.0678 – 1.0701.

EUR/USD: bearish "Flag"

The price is still moving up and down in a range of the developing “Triangle” pattern. So, the market is likely going to test the nearest support at 1.0629 – 1.0617 during the day. If we see a pullback from this area, bulls will probably try to reach the closest resistance at 1.0664 – 1.0678.



AUD/USD on its way to reach new highs

AUD/USD has been trading in a rebound made from the 200 SMA at H1 chart, which is helping to strengthen the bullish bias across the board and put the pair in the scenario to reach the Fibonacci zone of -23…


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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