EUR/USD: "Tower" and "High Wave" patterns

EUR/USD: "Tower" and "High Wave" patterns


The last "Tower" and "High Wave" patterns led to the current upward price movement. It seems like the market is likely going to rise even higher in the short term. If any bearish pattern arrives afterwards, there'll be an opportunity to have a decline towards the nearest support.


The price is consolidating along the "Window". Also, there's a bullish "Three Methods", which hasn't been confirmed yet. Therefore, the market is likely going to continue moving up during the day.



EUR/USD: "V-Top" pattern

The pair is likely going to test the nearest support at 1.2313. If a pullback from this level happens little later on...



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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