Technical analysis
EURUSD Wave Analysis 18 April 2024
April 18, 2024 @ 23:08 +03:00
![](https://fxpro.news/wp-content/uploads/2024/04/eurusd-primary-analysis-apr-18-2141-pm-1-day-1024x475.png)
– EURUSD reversed from resistance level 1.0685
– Likely to fall to support level 1.0600
EURUSD currency pair recently reversed down from the resistance level 1.0685, former multi-month support from February, acting as the support after it was broken.
The downward reversal from this resistance level 1.0685 continues the active minor impulse wave 3 of the higher impulse wave (3) from December.
Given the multi-month downtrend, EURUSD can be expected to fall further to the next round support level 1.0600.