EUR/USD: consolidation along the 34 MA

EUR/USD: consolidation along the 34 MA


The 34 Moving Average has acted as support, so we've got a "V-Bottom" pattern, which pushed the price to resistance at 1.1425. So, the market is likely going to continue moving up towards the next resistance at 1.1444 - 1.1464. If we see a pullback from this area, there'll be an opportunity to have a decline in the direction of the nearest support at 1.1379 - 1.1370.


The price is consolidating along the 34 Moving Average. It seems like bulls are ready to reach the next resistance at 1.1444 - 1.1455 during the day. However, if a pullback from these levels happens, we could have a local downward correction.



Bitcoin (BTC/USD) opening the doors for a lower extension

As we had anticipated in previous reports, Bitcoin has finally made a break of the important level of support at 12,852 and is now on track to reach the Fibonacci level of 0% at 10,680, which could mean a bearish continuation that will allow to…


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…

promotions you can be interested in

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera