• EURUSD broke resistance zone
• Likely to rise to 1.1300
EURUSD recently broke above the resistance zone lying between the resistance level 1.1150 (top of the previous correction from the end of March) and the 61.8% Fibonacci correction of the previous sharp downward impulse (1).
The breakout of this resistance zone is aligned with the active short-term impulse wave C which belongs to the ABC wave (2) from the middle of March.
EURUSD is expected to rise further toward the next resistance level 1.1300 (likely price for the termination of the active ABC correction (2)).
- Nasdaq 100 reversed from strong support level 21000.00 - Likely to rise to resistance…
- USDJPY reversed from key support level 156.35 - Likely to rise to resistance level…
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…
This website uses cookies