EUR/USD: "Doji" pattern

EUR/USD: "Doji" pattern

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The last bearish "Shooting Star" led to a decline. It's likely that the 34 Moving Average is going to act as support. If so, there'll be an opportunity to have a local upward correction.

0901eurusdH1 (1).png

There's a "Doji" pattern, which has been formed on the 144 Moving Average line. Therefore, bulls are likely going to reach the 89 Moving Average, which could be a departure point for another decline.



USD/JPY: "Doji" pattern

The 21 Moving Average acted as resistance, so the pair is likely going to test the lower "Window" soon...


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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