EUR/USD: another pullback from 0/8 MM Level

EUR/USD: another pullback from 0/8 MM Level


There's another pullback from 0/8 MM Level, so an impulse in wave [c] of 4 may have been formed. Therefore, bulls are likely going to deliver wave [i]. The main intraday target is 2/8 MM Levels.


Wave (iv) turned out to be a zigzag, so we've got a bearish impulse in wave (v) of [c]. It's likely that wave [i] is going to move on, so we're going to have an extension in wave (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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