Market Snapshots

EURUSD Wave Analysis – 30 September, 2019

EURUSD Wave Analysis – 30 September, 2019
  • EURUSD broke key support level 1.0930
  • Likely to fall to 1.0850

EURUSD recently broke through the support area lying between the key support level 1.0930 (low of waves (i) and (b)), the support trendline of the weekly down channel from last year.

The breakout of this support area accelerated the active impulse wave (iii) – which belongs to wave (3) from June.

EURUSD is expected to fall further and retest the next support level 1.0850 (target price for the completion of the the active wave 1).

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