EUR/USD: bullish "Hammer" on 89 MA

EUR/USD: bullish "Hammer" on 89 MA


We've got a bullish "Hammer" on the 89 Moving Average, but the price faced with the nearest resistance. So, the market is likely going to test the 89 Moving Average, which could be a departure point for another upward price movement.


The last "Window" has been broken, so the pair is likely going to achieve the nearest resistance area. If any bearish pattern arrives little later on, there'll be an opportunity to have just another bearish price movement.




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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