EUR/USD: bearish "Harami" pattern

EUR/USD: bearish "Harami" pattern

2002eurusdH4 (1).png

The last bearish "Harami" led to the current upward price movement. There's no any reversal pattern so far, which means the pair is likely going to continue moving down in the short term.

2002eurusdH1 (1).png

All the Moving Averages have been broken, so the market is moving down towards the lower "Window". If any reversal pattern forms little later on, we could have an upward correction.



GBP/USD: "Thorn" pattern

The market is going to test the closest support at 1.4069 - 1.4027. If a pullback from these area happens little later on...



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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