– EURUSD broke key support level 1.1085
– Likely to fall to support level 1.1000
EURUSD currency pair recently broke the key support level 1.1085 (which stopped the previous correction ii) coinciding with the 61.8% Fibonacci correction of the upward impulse from the start of September.
The breakout of the support level 1.1085 should accelerate the active wave b of the higher impulse wave iii from the middle of September.
Given the bearish divergence on the daily Stochastic and the strongly bullish US dollar sentiment seen today, EURUSD currency pair can be expected to fall further to the next support level 1.1000 (which stopped the previous correction 4).
This week, we’re tracking the US Dollar’s powerful climb following Trump's victory, hitting a crucial…
Next week, several countries including Canada, the UK, and Japan will release their estimates of…
Investors have been selling off gold, with this week's drop being the largest in three…
The Hang Seng Index has fallen 20% from its peak, marking the start of a…
The S&P500 reached the 6000 mark but faced resistance due to fatigue and dollar appreciation.…
The crypto market has continued to cool down for the third day, with a 1.7%…
This website uses cookies