EUR/USD: "V-Bottom" pushing the price higher

EUR/USD: "V-Bottom" pushing the price higher

EUR/USD: "V-Bottom" pushing the price higher

The price is consolidating under a resistance at 1.0828. Therefore, the market is likely going to achieve the next resistance at 1.0850 in the short term. If a pullback from this level happens, there’ll be an opportunity to have a bearish correction towards a support at 1.0797 – 1.0774.

EUR/USD: "V-Bottom" pushing the price higher

We’ve got a consolidation, which is taking place between the 34 Moving Average and the nearest resistance at 1.0828. Also, we’ve got a “Thorn” and “V-Bottom” patterns, so bulls are likely going to reach a resistance at 1.0850 during the day. Considering a pullback from this level, we should keep an eye on the closest support at 1.0774 as a possible bearish target.



AUD/USD on its way to reach new highs

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

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

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