EUR/USD: "Triple Top" stopped bulls

EUR/USD: "Triple Top" stopped bulls

EUR/USD: "Triple Top" stopped bulls

We've got a "Triple Top", so there's a correction, which is taking place on the four-hours chart. Therefore, the market is likely going to decline towards support at 1.0874 - 1.0851. If a pullback from this area happens, there'll be an opportunity to have an upward price movement in the direction of resistance 1.0905 - 1.0910.

EUR/USD: "Triple Top" stopped bulls

The last "Pennant" has been broken, so bears faced support at 1.0905. In this case, bulls are likely going to test resistance at 1.0936, which could be a departure point for another decline towards support at 1.0874.



EUR/GBP holding the 65% Fibo zone

EUR/GBP consolidates the price action above the Fibonacci zone of 65%, which is currently being held due that it’s proven to be a strong nut to crack across the board…


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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