EUR/USD: bulls going to deliver rest of wave 5

EUR/USD: bulls going to deliver rest of wave 5


The price has been rising since a pullback from 5/8 MM Level happened. If the pair fixates above 6/8 MM Level, bulls are likely going to deliver the rest of wave 5. In this case, we should keep an eye on 8/8 MM Level as the next target.


3/8 MM Level has acted as support, so the price is rising. It seems like we're going to have an extension in wave [iii] of 5. In this case, wave (iii) is going to move on towards 8/8 MM Level in the short term.



AUD/USD on its way to reach new highs

AUD/USD has been trading in a rebound made from the 200 SMA at H1 chart, which is helping to strengthen the bullish bias across the board and put the pair in the scenario to reach the Fibonacci zone of -23…


Morning brief for June 2

Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…

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