EUR/USD: euro supported by SSB

EUR/USD: euro supported by SSB

Technical levels: support – 1.1830; resistance – 1.1900.

Trade recommendations:

  1. Buy — 1.1850; SL — 1.1830; TP1 — 1.1900; TP2 – 1.1930

Reason: narrow bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Kijun-sen; the prices are corrected to SSB and supported on 1.1830.





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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