• EURUSD under bearish pressure
• Likely to fall to support level 1.0715
EURUSD under the bearish pressure after the price broke the support level 1.0820 (which stopped the previous short-term correction (ii)).
The breakout of the support level 1.0820 coincided with the breakout of the 50% Fibonacci correction of the previous upward impulse wave 1 from March.
EURUSD can be expected to fall further toward the next support level 1.0715 (low of wave (b) from March, target for the completion of the active ABC correction 2).
The monthly ADP labour market report showed that America created 192K new jobs in April, above…
Bears showed strength ahead of the FOMC decision. U.S. indices sagged on Tuesday as investors…
Market Picture Bitcoin's closing price on Tuesday became the lowest since late February, confirming the…
- Ebay under the bearish pressure - Likely to fall to support level 51.00 Ebay…
- GBPAUD reversed from key support level 1.9135 - Likely to rise to resistance level…
Silver has lost 2.6% since the start of the day on Tuesday to $26.4 per…
This website uses cookies