EUR/USD: wave [ii] ended like a zigzag

EUR/USD: wave [ii] ended like a zigzag


There's a pullback from 1/8 MM Level, so wave [ii] may have been formed. So, we're likely going to have another upward price movement. The main target for wave [iii] is 6/8 MM Level.


Wave [ii] ended like a zigzag, so the price is rising. 2/8 MM Level has acted as support. In this case, we could have wave (i) in the coming hours and wave (ii) little later on.




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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