EUR/USD: "Window" acted as resistance

EUR/USD: "Window" acted as resistance


The price reached the upper "Window", which acted as resistance, so we've got a bearish "Tweezers" pattern. Therefore, the market is likely going to decline towards the nearest support level in the short term. However, if any bullish pattern arrives afterwards, there'll be an opportunity to have another upward price movement.


We've got a bullish "Hammer", but this pattern hasn't been confirmed yet. In this case, we could have a local upward correction, but bears are likely going to deliver a new local low later on.



GBP/USD: bullish "Flag"

The pair is going to continue moving up in the direction of another resistance at 1.4144 - 1.4277...



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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