Tag - eur

EUR/GBP: bulls get ready to strike
EUR/GBP: bulls get ready to strike

On the daily chart of EUR/GBP, bulls are ready to get the pair out of the 0.8700-0.8825 consolidation range (a “ledge”) within the ‘Spike and ledge” pattern on the basis of 1-2-3.

EUR/USD: euro is breaking a trend
EUR/USD: euro is breaking a trend

On H1, the inability of bulls to return EUR/USD inside the downtrend channel or break resistance at 1.1715, will increase the risks of getting to 161.8% target of the “Shark”.

EUR/JPY: bulls are counterattacking
EUR/JPY: bulls are counterattacking

This increases the risks of a pullback to the lower border of the 129.15-132.15 consolidation range. To continue moving down, bears have to renew May low.

Trading plan for May 30
Trading plan for May 30

The US dollar index reached the psychological level of $95, however, couldn’t stick there and lost some pips. Tuesday’s consumer confidence data was weaker than the forecast.

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