USD/CHF could make a leg lower

USD/CHF could make a leg lower

USD/CHF remains strong across the board and stays well-consolidated above the 200 SMA at H1 chart. Now, the pair is entering a corrective phase that could allow a leg lower to test the 65% Fibonacci level at 0.9406. Around such area, we can expect a rebound to take place in order to rally towards the next target at the Fibonacci area of -23.6% at 0.9580.

RSI indicator stays in the positive territory, favoring to the bulls in the short-term.



GBP/USD: "Thorn" pattern

The market is going to test the closest support at 1.4069 - 1.4027. If a pullback from these area happens 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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