Categories: Technical analysis

Cisco Wave Analysis – 11 March 2025

Cisco : ⬇️ Sell

– Cisco broke support area

– Likely to fall to support level 58.80

Cisco recently broke the support area between the key support level 61.20 (which stopped the previous minor correction iv in February), support trendline of the daily up channel from September and the 50% Fibonacci correction of the upward impulse from January.

The breakout of this support area accelerated the active impulse wave c of the ABC correction 2 from the start of last month.

Cisco can be expected to fall to the next support level 58.80 (which reversed the price multiple times in January). Support level 58.80 is also the target price for the completion of wave c.

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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The FxPro Tech Analysis Team
Tags: Cisco

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