Analysis of EUR/USD and GBP/USD on May 8. Tension Between China and the US has Slightly Calmed Down; Markets Awaits US Statistics
On May 7, the EUR/USD pair gained about 40 basis points and presumably completed the construction of the expected wave 2 in C in B. If this assumption is correct, then the increase in prices will continue with the targets located about 11th figures and higher within the framework of the construction of the wave 3 in C in B.
Jeff Wecker