EURUSD recently broke the support area lying between the support level 1.1065 (low of wave (i)) and the 38.2% Fibonacci correction of the previous upward correction (ii) from September.
The breakout of this support area continues the active impulse wave 3 of the medium term impulse sequence (3) from June.
EURUSD is expected to continue to fall and retest the next support level 1.1000 (low of the previous wave (b) and the target for the completion of the active impulse wave (i)).
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…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
This website uses cookies
