EUR/USD: "Window" going to act as resistance

EUR/USD: "Window" going to act as resistance


We've got a bullish "Three Methods" pattern, so the price is likely going to test the upper "Window". If any bearish pattern arrives afterwards, there'll be an opportunity to have a downward correction.


Bulls have broken a "Window", so the price is rising. Also, there isn't any reversal pattern so far, which means we could have the market even higher. However, if a pullback from the closest resistance happens, bears will probably try to deliver a correction.




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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