EUR/USD: new high coming soon

EUR/USD: new high coming soon


There's a developing diagonal triangle in wave (v) of [c], which is taking place on the four-hours chart. The main intraday target is 5/8 MM Level, which could act as resistance. If so, there'll be an opportunity to have a bearish price movement towards 3/8 MM Level.


It seems like we've got a zigzag in wave ii with a triangle in wave [B]. Therefore, bulls are likely going to deliver wave iii, which means we could have a new local high in the coming hours. If +2/8 MM Level breaks, the Murray math indication will be updated.



EUR/USD: "V-Top" pattern

The pair is likely going to test the nearest support at 1.2313. If a pullback from this level happens little later on...



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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