EUR/USD: bullish 'Inverted Hammer'

EUR/USD: bullish 'Inverted Hammer'

0204eurusdH4 (1).png

There's a bullish 'Inverted Hammer', which has been confirmed by the last 'Three Methods'. In this case, the pair is likely going to test the nearest resistance area, which could be a departure point for another decline.

0204eurusdH1 (1).png

The lower 'Window' acted as support, so the price is rising. Also, there're two 'Three Methods' models in a row, so the market is likely going to move up until any bearish pattern forms.



EUR/USD: bullish 'High Wave'

We're likely going to have an upward correction in the short term. Even so, bears will probably try to deliver another decline little later on...



Morning brief for June 2

Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…

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