EUR/USD: price consolidating

EUR/USD: price consolidating


Bulls faced with resistance at 1.1859, so the price is consolidating. The main intraday target is the next resistance at 1.1875 - 1.1884. If a pullback from this area happens, we could have a bearish correction towards the nearest support at 1.1833 - 1.1811.


The price has been consolidating since the downtrend was broken. It's likely that the pair is going to test the closest resistance at 1.1871 - 1.1890 in the short term. If a pullback from this area happens, there'll be an opportunity to have a downward correction.



GBP/CAD targeting lower levels

It seems the GBP/CAD looks forward to resume the bearish bias in the short-term, as it has been correcting the cycle started from May 18th and now, we can expect another leg higher to re-test the Fibonacci level of 50% at 1…


Morning brief for June 2

Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…

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