EURUSD: "V-Top" pattern

EURUSD: "V-Top" pattern


The main trend is still bullish, however there's a "V-Top" pattern, so the market is likely going to test the nearest support at 1.2225 - 1.2164. If a pullback from this area happens little later on, there'll be an opportunity to have another upward price movement.


We've got a "V-Top", so there's a developing bearish correction. The main intraday target is the closest resistance at 1.2272 - 1.2296. This area could be a departure point for a decline in the direction of the 55 Moving Average.



EUR/USD: bearish 'High Wave'

We should keep an eye on the lower 'Window' as the next intraday target. A pullback from this level could be a starting point for...



Morning brief for June 2

Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…

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