– EURSUD reversed from resistance level 1.0875
– Likely to fall to support level 1.0800
EURSUD currency pair recently reversed down from the key resistance level 1.0875 (former support from the start of August) standing near the 38.2% Fibonacci correction of the downward impulse from the start of this month.
The downward reversal from the resistance level 1.0875 continues the active short-term ABC correction 2 from the end of September.
Given the strongly bullish US dollar sentiment seen across the FX markets today, EURSUD currency pair can be expected to fall further to the next support level 1.0800, former strong support from July.
- WTI broke daily Triangle - Likely to rise to resistance level 70.90 WTI crude…
- AUDUSD reversed from resistance level 0.6270 - Likely to fall to support level 0.6200…
- Nasdaq 100 reversed from strong support level 21000.00 - Likely to rise to resistance…
- USDJPY reversed from key support level 156.35 - Likely to rise to resistance level…
The recent declines in US indices may have broken the bullish trend, indicated by technical…
The dollar has paused its strengthening, as weaker-than-expected inflation data reduces fear of future Fed…
This website uses cookies