NZD/USD remains directionless in the short-term
NZD/USD is looking for a clear direction in the short-term, as the technical indicators are showing a neutral stance…
EUR/USD: bearish "Shooting Star"
The 55 Moving Average has acted as support, but there isn't any bullish pattern so far. So, we could have a new local low soon. If we have another pullback from the 55 MA, there'll be an opportunity to have an upward price movement.
The price is still consolidating. We've got a bearish "Shooting Star", so bears are likely going to break the last low soon. If any bullish pattern arrives later on, bulls will probably try to test the Moving Averages.
Galya Svetlova
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Morning brief for June 2
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Highlights of the ECB meeting and press conference.
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