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 falling inside impulse wave (3)
• Likely to fall to 1.1150
EURUSD recently reversed down from the resistance zone lying between the long-term resistance level 1.1400 (which has been reversing the price from June of 2019) and the upper daily Bollinger Band.
The downward reversal from this the resistance area started the active medium-term impulse wave (3).
EURUSD is likely to fall further toward the next support level 1.1150 (former high of the sharp upward correction A from March).
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