Market Snapshots

EURUSD Wave Analysis – 23 June, 2020

EURUSD Wave Analysis – 23 June, 2020

• EURUSD reversed from support zone
• Likely to rise 1.1400

EURUSD recently reversed up from the support zone lying between the support level 1.1200 and the 38.2% Fibonacci retracement of the previous upward impulse from the middle of May.

The upward reversal form this support zone created the daily Japanese candlestick reversal pattern Morning Star.

EURUSD is likely to rise further toward the next key resistance level 1.1400 (which stopped the previous (2)-wave earlier this month).

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