EUR/USD: bulls can go higher

EUR/USD: bulls can go higher

EUR/USD: bulls can go higher

The price is still consolidating under the main downtrend. However, bulls are likely going to test the nearest resistance at 1.1025 in the short term. If a pullback from this level happens, there'll be an opportunity to have a decline towards support at 1.0951 - 1.0933.

EUR/USD: bulls can go higher

There's a consolidation, which is taking place on the one-hour chart. The main intraday target is resistance at 1.1025, which could be a departure point for a bearish price movement in the direction of a support area between the levels at 1.0969 - 1.0951.




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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