EUR/USD: bearish "Tweezers"

EUR/USD: bearish "Tweezers"


We've got a bearish "Tweezers", but this pattern hasn't been confirmed yet. So, we should keep an eye on the nearest support level, which could be a departure point for another upward price movement.


There are bearish patterns such an "Engulfing", a "High Wave" and a "Tweezers", which all have been confirmed. In this case, bears are likely going to test the 55 Moving Average in the short term.



GBP/USD: bullish "Flag"

The pair is going to continue moving up in the direction of another resistance at 1.4144 - 1.4277...



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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