EUR/USD: "Three Methods" pushed price higher

EUR/USD: "Three Methods" pushed price higher

1812eurusdh4 (1).png

There's a "Piercing Line", which has been broken. So, the market is likely going to continue moving up towards the nearest resistance area.

1812eurusdh1 (1).png

The last "Three Methods" pattern pushed the price higher. At the same time, there's a bearish "Doji", so we could have a local correction in the short term. Anyway, bulls are likely going to test the upper "Window" afterwards.




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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