EUR/USD: developing bullish pattern

EUR/USD: developing bullish pattern


The price is consolidating between the levels 1.1444 - 1.1387. We've got a developing bullish pattern, so the market is likely going to reach the nearest resistance at 1.1444 in the short term. If a pullback from this level happens, there'll be an opportunity to have a decline towards the nearest support at 1.1365 - 1.1354.


There's a consolidation, which is taking place along the 55 Moving Average. Also, we've got a bullish "Flag" pattern, so the pair is likely going to achieve the next resistance at 1.1439 - 1.1444 in the coming hours. However, if we see a pullback from these levels, bears will probably try to test support at 1.1365 - 1.1354.



EUR/USD inside a key support area

The EUR/USD pair was smashed during Friday’s session amid a strong USD across the board, helping to push the pair towards the Fibonacci zone of 65% at 1…

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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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