EUR/USD: "Tweezers" led to decline

EUR/USD: "Tweezers" led to decline

1503eurusdh4 (1).png

There're bearish patterns such an "Evening Star" and a "Shooting Star". Therefore, the market is going to test the 144 Moving Average, which could be a departure point for an upward price movement.

1503eurusdh1 (1).png

The last "Tweezers" led to the current decline. There's no any reversal pattern so far, which means the pair is likely going to decline towards the lower "Window".



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AUD/USD has been trading in a rebound made from the 200 SMA at H1 chart, which is helping to strengthen the bullish bias across the board and put the pair in the scenario to reach the Fibonacci zone of -23…


Morning brief for June 2

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