EUR/USD: possible wedge in wave [i]

EUR/USD: possible wedge in wave [i]


We've got a pullback from 5/8 MM Level, so wave 4 has been ended. The price is rising, so we could have a bullish impulse in wave 5. The main intraday target is 8/8 MM Level.


There's a possible wedge, which could be wave [i], so bears are likely going to deliver wave [ii] during the day. If a pullback from 4/8 MM Level happens little later on, there'll be an opportunity to have wave [iii] of 5.




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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