EUR/USD: price reached the 34 MA

EUR/USD: price reached the 34 MA


The price reached the 34 Moving Average, but there isn't any reversal pattern so far. In this case, bulls are likely going to test the 89 MA in the short term. If a pullback from this line happens, we could have just another decline.


The last "Three Methods" pattern has acted as support. At the same time, we don't have any bearish candle pattern for now. In this case, the upward correction is likely going to move on until any reversal pattern forms.




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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