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EURUSD: Counter-Bearish Uprise

05 June 06:13 AM

Forex news, EURUSD.
For third day in a row common European currency has been rising against US dollar at Forex market. Bullish trend has formed h1 minimal wave, which is not over yet. Lasting mid-term, if not more, correction may start if bullish impulse sloping channel starting from 1.3283 is broken.
First signs of the end of h1 rise have appeared on the eve of European trading session. When this is proved, there will inevitably start correctional structure to bullish wave, the character and wave level of which will allow, as expected by the System of early Prediction Sub-department of Masterforex-V Trading Academy, to define the perspectives of EURUSD in the nearest future and further perspectives.

Analysis by: Alex von Stachelkopf, analyst of Forex, Euro Rate Department, trader of SRP Sub-department of Masterforex-V Trading Academy

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