EUR/USD: bullish "High Wave"

EUR/USD: bullish "High Wave"


The 89 Moving Average has acted as support, so we've got a "High Wave" pattern, which was confirmed. So, we could have an upward correction and a decline afterwards.


There's a bullish "High Wave", which has been confirmed. In this case, the market is likely going to test the nearest "Window". If a pullback from this level happens, bears will try to deliver a new local low.




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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