EUR/USD: bullish "Piercing Line"

EUR/USD: bullish "Piercing Line"


There's a bullish "Piercing Line", which has been confirmed, so the price is rising. Also, there's no any bearish pattern, which means the price is going to test the nearest resistance. If a pullback from this level happens little later on, there'll be an opportunity to have another decline.


We've got a "Tower" pattern, which has been formed at the last low. Considering that there's no any reversal pattern, the market is likely going to continue moving up towards the Moving Averages in the short term.



USD/JPY: "Doji" pattern

The 21 Moving Average acted as resistance, so the pair is likely going to test the lower "Window" soon...


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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