EUR/USD: upper "Window" acting as resistance

EUR/USD: upper "Window" acting as resistance


The 34 & 55 Moving Averages have acted as support, so the price is moving up. There's no any reversal pattern, cause all the last candles are bullish. Therefore, the market is likely going to continue rising towards the nearest resistance level.


The upper "Window" is acting as resistance, so we could have a local bearish correction towards the Moving Averages. If a pullback from these lines arrives little later on, there'll be an opportunity to have another bullish price movement.



EUR/USD: bearish 'High Wave'

We should keep an eye on the lower 'Window' as the next intraday target. A pullback from this level could be a starting point for...



Morning brief for June 2

Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…

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