– EURUSD broke support zone
– Likely to fall to support level 1.0875
EURUSD currency pair under the bearish pressure after the earlier breakout of the support zone located between the key support level 1.1000 (former monthly low from September) and the 50% Fibonacci correction of the upward impulse from July.
The breakout of this support zone accelerated the active minor impulse wave c of wave (iv) from the end of August.
Given the simultaneously bearish euro sentiment and bullish US dollar sentiment, EURUSD currency pair be expected to fall further to the next support level 1.0875, low of wave ii from August.
EURAUD: ⬇️ Sell - EURAUD broke strong support level 1.7465 - Likely to fall to…
IBM: ⬆️ Buy - IBM reversed from support zone - Likely to rise to resistance…
Palladium: ⬆️ Buy - Palladium reversed from round support level 1600.00 - Likely to rise…
Amazon: ⬆️ Buy - Amazon broke resistance zone - Likely to rise to resistance level…
🥇 Gold is regaining momentum as investors lean into geopolitics, a softer US dollar and…
• The reduction in geopolitical risks in Venezuela has weakened the greenback. • Precious metal investors…
This website uses cookies