EUR/USD: extension in wave (iii) of [i]

EUR/USD: extension in wave (iii) of [i]


The price has been rising since a pullback from 0/8 MM Level happened. So, there's a developing bullish impulse, which could be wave [i]. The main intraday target is 2/8 MM Level.


There's an extension in wave (iii) of [i], which hasn't been finished yet. Therefore, the price is likely going to test 3/8 MM Level, which could be a departure point for wave (iv). Nevertheless, bulls will try to reach 4/8 MM Level afterwards.



Bitcoin (BTC/USD) opening the doors for a lower extension

As we had anticipated in previous reports, Bitcoin has finally made a break of the important level of support at 12,852 and is now on track to reach the Fibonacci level of 0% at 10,680, which could mean a bearish continuation that will allow to…


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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