EUR/USD: wave (i) about to end

EUR/USD: wave (i) about to end


Wave (i) is about to end, so if we see a pullback from 3/8 MM Level, there'll be time for wave (ii). Anyway, bears are likely going to deliver wave (iii) afterwards. In this case, we should keep in mind 2/8 MM Level as an intraday target.


As we can see on the one-hour chart, there's a possible wedge in wave (i). Wave iv is likely going to end soon, so if we have a pullback from 2/8 MM Level, there'll be an opportunity to have wave v of (i).



USD/CAD: bullish above 1.24

USD/CAD is finding dynamic resistance in the 200 SMA at H1 chart and it’s currently trading inside a decisive stage…


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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