EUR/USD: bulls can return to Cloud

EUR/USD: bulls can return to Cloud

Technical levels: support – 1.1550, 1.1580; resistance – 1.1620, 1.1640.

Trade recommendations:

  1. Sell — 1.1620; SL — 1.1640; TP1 — 1.1580; TP2 – 1.1550

Reason: expanding bearish Ichimoku Cloud, falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the prices are fixed inside a channel of Tenkan-Kijun and may go to the bottom border of a Cloud.

01-eurusdh4.png

eur

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GBP/USD: strong bullish offensive

Bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with rising lines; a market reached new highs over 1.4000.

gbp

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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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