EUR/USD: bearish "Tweezers"

EUR/USD: bearish "Tweezers"


There's a local bearish "Tweezers" pattern, which has been confirmed. So, bears are likely going to test the 89 Moving Average. If any bullish pattern arrives little later on, there'll be an opportunity to have an upward price movement.


The price has reached the previously tested support level, but we still don't have any reversal pattern. So, the market is likely going to test the next support in the coming hours.



EURUSD: bearish "High Wave"

We could have a local downward correction towards the nearest support. If a pullback from this area happens...


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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