EUR/USD: bears going to reach the closest support

EUR/USD: bears going to reach the closest support


The price is consolidating under resistance at 1.1443. Also, we've got two "V-Top" patterns in a row, so the market is likely going to test the nearest support at 1.1365 - 1.1354. If a pullback from this area happens, there'll be an opportunity to have an upward price movement towards resistance at 1.1425 - 1.1444.


There's a consolidation, which is taking place above the 34 Moving Average. In this case, bears are likely going to reach the closest support at 1.1365 - 1.1354 in the short term. If we see a pullback from this area, bulls will have a green light to test the next resistance at 1.1425 - 1.1444.




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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