EUR/USD: "Belt Hold" pattern

EUR/USD: "Belt Hold" pattern

2912eurusdh4 (2).png

There's a possible "Belt Hold" pattern, which has been formed on the lower "Window". Therefore, the market is likely going to continue rising towards the next "Window".

2912eurusdh1 (2).png

We still don't have any reversal pattern. However, if a pullback from the nearest resistance arrives little later on, there'll be an opportunity to have a bearish correction.




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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