EUR/USD: euro may return to Cloud

EUR/USD: euro may return to Cloud

Technical levels: support – 1.1725, 1.1750; resistance – 1.1800, 1.1825.

Trade recommendations:

  1. Buy — 1.1750; SL — 1.1730; TP1 — 1.1800; TP2 – 1.1825.

Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-se with rising Tenkan-sen; the market is on the support of the daily Cloud.




XAU/USD: gold was captured by bulls

Recommendation: BUY $1327 SL $1312 TP $1357 TP2 $1395 On the daily chart, XAU/USD is under control of bulls, at least until the pair’s trading above $1306 an ounce…


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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