EURUSD: "Three Methods" pattern

EURUSD: "Three Methods" pattern

1501eurusdH4 (1).png

There's a bullish "Three Methods" pattern, so the price is rising. It's likely that the market is going to test the next resistance area, which could be a departure point for a bearish correction.

1501eurusdH1 (1).png

We've got a "Shooting Star", but this pattern hasn't been confirmed yet. Therefore, there's an opportunity to have a downward correction and the following bullish price movement little later on.




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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