EUR/USD: [v] of C may have been formed

EUR/USD: [v] of C may have been formed


Wave [v] of C may have been formed. So, if the price fixates under 7/8 MM Level, bears are likely going to deliver wave [i]. The main intraday target is 5/8 MM Level.


Wave (v) of [v] has been ended, so the price is declining. There's a developing wave (i), which is likely going to be continued. So, we should keep an eye on 2/8 MM Level as an intraday target.




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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