EUR/USD: bulls want more

EUR/USD: bulls want more


BUY 1.2125

SL 1.2070

TP1 1.2240 TP2 1.2280

On the daily chart, EUR/USD is resuming the uptrend. If resistance at 1.2090-1.2115 doesn’t stop the bulls, the odds of the rally’s continuation to 1.2240-1.2280 will significantly increase. The nearest support is near 1.1995. 


On H1, EUR/USD may stop at the current levels, there may be a break towards 161.8% target of the “Crab” pattern and formation of the “Widening wedge”. Traders should be cautious.




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.



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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