EUR/USD: "Window" going to act as a support

EUR/USD: "Window" going to act as a support

EUR/USD: "Window" going to act as a support

We’ve got a bearish “Tower” on the nearest resistance area. Therefore, the market is likely going to test the lower “Window” in the short term. If a pullback from this level happens, there’ll be an opportunity to have another upward price movement.

EUR/USD: "Window" going to act as a support

There’s an “Engulfing”, which has been confirmed. So, the price is likely going to achieve the closest support and the 55 Moving Average, which both could be a departure point for another bullish rally.





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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