EURUSD Wave Analysis 24 September, 2020
September 24, 2020 @ 17:22 +03:00
• EURUSD broke support zone
• Likely to fall to 1.1560
EURUSD recently broke the support area located between the support level 1.1755 (which stopped the previous waves 4, (1) and 1) and the 38.2% Fibonacci retracement of the previous upward price move from July.
The breakout of this support zone accelerated the two active nested downward impulse sequences 3 and (3).
EURUSD is expected to fall further toward the next support level 1.1560 (projected price for the termination of the active impulse wave 3).