• EURUSD broke support area
• Likely to fall to support level 1.1870
EURUSD recently broke support area lying between the major round support level 1.2000 (which has been reversing the price from April) and the 50% Fibonacci correction of the upward impulse from the end of March.
The breakout of this support area accelerated the active C-wave of the intermediate ABC correction (2) from the end of May.
EURUSD can then be expected to fall further toward the next support level 1.1870 (target for the completion of the ABC correction (2)).
- Adobe reversed from support zone - Likely to rise to resistance level 500.00 Adobe…
- EURJPY reversed from support zone - Likely to rise to resistance level 0.8625 EURGBP…
USDJPY was slipping below 153 on Friday morning, a three-week low and having lost over…
Market picture Crypto market capitalisation rose 3.3% in 24 hours to $2.22 trillion. Local capitalisation…
- EURJPY under strong bearish pressure - Likely to fall to support level 163.10 EURJPY…
- WTI broke round support level 80.00 - Likely to fall to support level 76.00…
This website uses cookies