EUR/USD: "Tower" pattern

EUR/USD: "Tower" pattern


There's a "Tower" pattern, which has been formed on the upper "Window". So, the market is likely going to test the 55 Moving Average line, which could be a departure point for another bullish rally.


There are bearish patterns such a "Hanging Man" and a "High Wave", which both have been confirmed. Therefore, the price is likely going to reach the lower "Window" in the coming hours.




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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