EUR/USD: "V-Top" pattern

EUR/USD: "V-Top" pattern


The consolidating between the levels 1.1365 - 1.1340. Also, we've got a "V-Top" pattern, so the market is likely going to decline towards the nearest support at 1.1307 - 1.1287. If a pullback from this area happens, there'll be an option to have an upward price movement in the direction of the next resistance at 1.1365 - 1.1398.


There's a consolidation, which is taking place near the 34 Moving Average. However, the pair is likely going to achieve the nearest support at 1.1307 - 1.1287 in the short term. Considering a possible pullback from these levels, bulls will probably try to reach the closest resistance at 1.1376 - 1.1398.



EUR/USD: euro going lower

Narrowing irregular bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the market are in the negative area and made the new lows.

EUR/USD inside a key support area

The EUR/USD pair was smashed during Friday’s session amid a strong USD across the board, helping to push the pair towards the Fibonacci zone of 65% at 1…


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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