EUR/USD: another bearish impulse

EUR/USD: another bearish impulse


Wave 2 may have been formed like a zigzag, so there's a bearish impulse in wave (i). In this case, we're likely going to have another impulse in wave (iii) in the short term. The main intraday target is 2/8 MM Level.


There's a pullback from 3/8 MM Level, so we've got a downward impulse in wave i. Wave ii is about to end, which means bears are likely going to deliver an impulse in wave iii of (iii) in the coming hours.




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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