EUR/USD: pullback from 8/8 MM Level

EUR/USD: pullback from 8/8 MM Level


The price is trying to form a pullback from 8/8 MM Level, so wave [y] of 2 may have been ended. In this case, we should keep an eye on 6/8 MM as a local bearish target.


Bulls couldn't fixate above 8/8 MM Level, so there's time for a correction. Therefore, wave (c) of [y] likely finished. The main target for wave (i) is 6/8 MM Level.



EUR/GBP holding the 65% Fibo zone

EUR/GBP consolidates the price action above the Fibonacci zone of 65%, which is currently being held due that it’s proven to be a strong nut to crack across the board…


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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