The recent parliamentary elections in Europe remain one of the most discussed topics in Europe. Apparently, people discuss the results of the lections, which turned out to be rather unexpected for experts and politicians. The new official parliamentary staff will be formed in a couple of weeks. Still, at this point, it is clear that the so-called euro-skeptics are currently playing one of the key roles in the EU's policymaking.
According to various independent research conducted bo several institutions, the share of anti-EU parties in the future European parliament may well exceed 30%. In particular, Open Europe assumes that the share will reach 30.5% or 229 out of 751 seats, Market Leader reports.
Therefore, more and more analysts believe that European policies may well become unpredictable. The overall political picture in the EU is definitely changing. Therefore, the EU will definitely have to choose between the sides – either choosing tighter integration within the scope of the EU or abandoning the idea and disintegrating the EU. It is reported that EU leaders are planning to meet in the near future in order to discuss the situation and to conduct talks with the representative of the new parliament.
EURUSD
Today, on May 29th, the common currency keeps forming the bearish wave 3 or C of wave level H16 or higher, Masterforex-V Academy reports. The closest major levels of support are located at 1.3567, 1.3521/16. The closest major levels of resistance are found at the MF sloping channel and pivot 1.3668. A break above them will trigger a bullish reaction to the strong bearish move seen recently.
