• EURUSD broke support area
• Likely to fall to support level 1.030
EURUSD currency pair recently broke through the support area located between the key support level 1.0500 (which has been repeatedly reversing the pair from April) and the lower trendline of the daily down channel from February.
The breakout of this support area accelerated the active impulse waves (v) and 5 of wave (3) from last year.
Given the strong daily downtrend – EURUSD can be expected to fall further toward the next support level 1.030 (target for the end of the active impulse wave (v)).
Gold has reached record high in euro above 2600, and growing fast in dollar terms…
The crypto market is booming as the anticipation of regulatory changes grows. Bitcoin nears $100K,…
- GBPCAD broke support zone - Likely to fall to support level 1.7500 GBPCAD currency…
- EURCHF under bearish pressure - Likely to fall to support level 0.9250 EURCHF under…
- Natural gas broke the multi-month resistance level 3.150 - Likely to rise to resistance…
Coca-Cola reversed from support level 61.35 Likely to rise to resistance level 64.00 Coca-Cola earlier…
This website uses cookies