Photo: EURUSD: Waiting For Another Swing
EURUSD is consolidating after yesterday’s bearish gap as market participants are waiting for another portion of international news (especially those related to the situation in Cyprus ). The current recovery has already reached the M30 wave level.
Technically, the price is getting ready for another swing in any direction. However, the overall bias is still bearish.
The chart below, courtesy of the SRP Department of , reflects the current state of affairs in the market of EURUSD:
