– EURUSD broke resistance area
– Likely to rise to resistance level 1.1135
EURUSD currency pair just broke the resistance area located between the resistance level 1.105 (which reversed the price last week) and the resistance trendline of the daily up channel from the middle of April.
The breakout of this resistance area accelerated the active impulse waves iii and 3 – both of which belong to the impulse wave C from April.
Given the strongly bearish US dollar sentiment seen across the FX markets today, EURUSD currency pair can be expected to rise further toward the next resistance level 1.1135 (multi-month high from December) – from where the downward correction is likely.
- GBPUSD reversed from strong support level 1.2665 - Likely to rise to resistance level…
- USDCAD broke resistance level 1.3950 - Likely to rise to resistance level 1.4050 USDCAD…
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
Cryptocurrencies continued to surge, pushing the total cap to $3 trillion. Bitcoin has gained nearly…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
This website uses cookies