EUR/USD: wave 2 on the way

EUR/USD: wave 2 on the way

Wave 2 has been continued, so there’s a new local high. Previously, we’ve got a wedge pattern in wave 1. The main bullish target is 5/8 MM Level, which could be a departure point for wave 3.

As we can see on the four-hours chart, there’s a possible diagonal triangle in wave [c] of 2. Wave (iii) has been ended near 7/8 MM Level. Therefore, bears are likely going to deliver wave (iv) in the short term.



AUD/USD on its way to reach new highs

AUD/USD has been trading in a rebound made from the 200 SMA at H1 chart, which is helping to strengthen the bullish bias across the board and put the pair in the scenario to reach the Fibonacci zone of -23…


Morning brief for June 2

Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…

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