Categories: Technical analysis

EURO50 Wave Analysis 15 October, 2020

• EURO50 falling inside impulse waves (iii) and 3

• Likely to reach 3100.00

EURO50 index continues to fall inside the accelerated impulse waves (iii) and 3 which previously broke the daily up channel from the end of September.

Both of the impulse waves (iii) and 3 belong to the higher-order downward impulse sequence (3) from the middle of July.

EURO50 is likely to fall further toward the next support level 3100.00 (low of the previous daily Hammer from the end of September).

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.

Share
Published by
The FxPro Tech Analysis Team
Tags: euro50

Recent Posts

The third day of Crypto cooling off

The crypto market has continued to cool down for the third day, with a 1.7%…

2 hours ago

GBPUSD Wave Analysis 14 November 2024

- GBPUSD reversed from strong support level 1.2665 - Likely to rise to resistance level…

16 hours ago

USDCAD Wave Analysis 14 November 2024

- USDCAD broke resistance level 1.3950 - Likely to rise to resistance level 1.4050 USDCAD…

16 hours ago

The dollar has reached range limits

The US dollar has strengthened, reaching the upper boundary of its trading range. The British…

19 hours ago

Crypto: Tug-of-war at new altitude

Cryptocurrencies continued to surge, pushing the total cap to $3 trillion. Bitcoin has gained nearly…

19 hours ago

USDJPY Wave Analysis 13 November 2024

- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…

2 days ago

This website uses cookies