Euro notes in denominations of fives and tens are arranged for a photograph in London, U.K., on Wednesday, Jan. 18, 2012. The euro strengthened and commodities rallied as an official at a Group of 20 nation said the International Monetary Fund is proposing a $1 trillion expansion of its lending resources. U.S. index futures rose before Goldman Sachs Group Inc. reports earnings. Photographer: Simon Dawson/Bloomberg via Getty Images
• EURUSD broke resistance level 1.0735
• Likely to rise resistance level 1.1000
EURUSD recently broke above the key resistance level 1.0735 (which have been reversing the price from the middle of 2021) intersecting with the 61.8% Fibonacci correction of the previous weekly downward impulse from January.
The breakout of the resistance level 1.0735 continues the active weekly upward ABC correction (2).
Given the strongly bearish USD sentiment, EURUSD can be expected to rise further toward the next resistance level 1.1000.
- 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…
Bitcoin finds support near the 50-day moving average, but further declines in the stock market…
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
This website uses cookies