EUR/USD finished a wave

EUR/USD finished a wave

Recommendation:

BUY 1.1630 SL 1.1575 TP1 1.1820 TP2 1.1920

BUY 1.1520 SL 1.1465 TP1 1.1620 TP2 1.182 TP2 1,1920

On the daily chart, EUR/USD finished the wave 4-5 within the “Widening wedge”. Use pullbacks towards 23.6%, 38.2% and 50% for opening long positions. We don’t exclude the possibility that the prices will rebound from the lower border of the uptrend channel.

EUR1.png

On H1, the break of diagonal support in the form of the lower border of the uptrend is a signal for a correction towards 113% and 88.6% targets of the junior and senior “Shark” patterns.

EUR2.png

Similar

AUD/USD: aussie reached main target

Bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen; but the market is overbought and under the strong resistance of 0.8000.

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.

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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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