EURUSD Wave Analysis – 07 February, 2019
February 07, 2020 @ 15:53 UTC
- EURUSD broke key support level 1.0990
- Likely to fall to 1.0920
EURUSD recently broke the key support level 1.0990 (which has been reversing the price from October) and the 61,8% Fibonacci correction of the pervious upward ABC correction (2) .
The breakout of the support level 1.0990 accelerated the active short-term impulse waves 3 and (iii).
EURUSD is likely to fall further toward the next support level 1.0920 (target price for the completion of the active impulse wave 3).