Categories: Technical analysis

Airbus Wave Analysis – 1 July, 2022

• Airbus reversed from support level 90.2
• Likely to rise to resistance level 98.75

Airbus recently reversed up from the strong support level 90.2 (which has been reversing the price from the start of March).

The upward reversal from the support level 90.2 stopped the previous impulse waves (iii) and iii.

Airbus can be expected to rise further toward the next resistance level 98.75 (top of the previous minor correction (iv) from the middle of June).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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Tags: Airbus

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