EUR/GBP: bulls want more
Recommendation: BUY 0…
USD/CHF: franc was caught by the dragon
Recommendation:
BUY 0.9725
SL 0.9670
TP1 0.9915, TP2 1.0000.
On the daily chart, bulls managed to return the pair inside the previous descending channel. As a result, the risks of correction to the current bearish trend increased. Buyers firstly have to conquer resistance at 0.9716 and then trigger the “Shark” pattern. Upside targets are at 0.9917 and 1.0050.
On H1 USD/CHF is finishing the “Dragon” pattern. In the case of the resistance’s break at the level of the “Dragon’s head", bulls will have good chances for the continuation of the rally.
Elizabeth Belugina
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Morning brief for June 2
Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…
Highlights of the ECB meeting and press conference.
The European Central Banks left its key interest rates…
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