EUR/USD: bulls going to test next resistance

EUR/USD: bulls going to test next resistance


The price is consolidating along resistance at 1.1875. So, bulls are likely going to test the next resistance at 1.1923. If a pullback from this level happens afterwards, there'll be an opportunity to have a decline towards the nearest support at 1.1801.


There's a consolidation, which is taking place between the levels 1.1909 - 1.1846. It seems like the market is going to reach the closest support at 1.1856 - 1.1846 during the day. However, if we see a pullback from these levels, bulls will probably try to achieve another resistance at 1.1923.



USD/CAD: bullish above 1.24

USD/CAD is finding dynamic resistance in the 200 SMA at H1 chart and it’s currently trading inside a decisive stage…


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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