EUR/USD: wave (iii) going to end

EUR/USD: wave (iii) going to end

EUR/USD: wave (iii) going to end

We’ve got a new high on the four-hours chart. However, if the price couldn’t find a lodgment, bears are likely going to deliver a correction. The main target for wave (iv) is 4/8 MM Level.

EUR/USD: wave (iii) going to end

There’s a possible double zigzag in wave (iii). It’s likely that wave [C] of y is going to end soon. Therefore, we could have wave a or w in the short term. Meanwhile, this wave count will be unconfirmed until the price come back upper 7/8 MM Level.




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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