EUR/USD: developing wave [ii]

EUR/USD: developing wave [ii]


The price is still declining, which means we should keep an eye on 0/8 MM Level as the nearest bearish target. If a pullback from this level happens, there'll be an opportunity to have another upward impulse in wave [iii].


There's a developing wave [ii], which hasn't been finished yet, so an impulse in wave (c) is likely going to be continued. The main intraday target is 0/8 MM Level, which could be a departure point for wave (i) of [iii].




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…

USD/JPY: bullish "Doji"

We’ve got a pullback from the lower “Window”, so there’s a bullish “Doji”, which has been confirmed .


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