EUR/USD broke strong support area

EUR/USD broke strong support area

  • EUR/USD broke strong support area
  • Next sell target - 1.1500

EUR/USD today broke through the support area lying between the support level 1.1660 (which has been reversing the price from August) and the 50% Fibonacci correction of the previous upward impulse from the middle of June. The breakout of this support area accelerated the active B-wave of the intermediate ABC correction (B) from the start of this month. EUR/USD is expected to fall to the next sell target at the next support level 1.1500.



Bitcoin (BTC/USD) opening the doors for a lower extension

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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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