EUR/USD is looking for a hint

EUR/USD is looking for a hint


SELL 1.1705 SL 1.1760 TP1 1.1625 TP2 1.1530

BUY 1.1825 SL 1.1770 TP 1.1925

On the daily chart, bulls are trying to return the pair inside the uptrend channel at the phase of the “Spike and reversal with acceleration”. If they succeed. The odds of the uptrend’s resumption will increase. On the other hand, failure will allow bears to continue correction.


On H1, EUR/USD finished forming the “widening wedge”. Return of the quotes to 23.6% of the wave 4-5 will be a reason for short positions. On the other hand, growth to $1.1825 will allow opening longs.




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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