Categories: Technical analysis

Citigroup Wave Analysis – 11 November, 2019

  • Citigroup broke two powerful resistance levels
  • Likely to rise to 78.00

Citigroup recently broke above the two powerful resistance levels – 72.70 (monthly high from June) – followed by 75.15 (monthly high from September of 2018).

These resistance breakouts accelerated the active impulse wave 5 of the medium-term impulse sequence (3) from the middle of September.

Citigroup is expected to rise further and retest the next resistance level 78.00 (former resistance from April of 2018).

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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