• EURUSD reversed from support zone
• Likely to rise to resistance level 1.1470
EURUSD currency pair recently reversed up sharply from the support zone lying between the major support level 1.12 (which has been reversing the pair from the middle of 2020) and the lower weekly Bollinger Band.
This support zone was further strengthened by the nearby 61.8% Fibonacci correction of the previous weekly upward impulse from the start of last year.
Given the prevailing euro optimism – EURUSD currency pair can be expected to rise further toward the next resistance level 1.1470 (top of wave 4 from January).
The Hang Seng Index has fallen 20% from its peak, marking the start of a…
The S&P500 reached the 6000 mark but faced resistance due to fatigue and dollar appreciation.…
The crypto market has continued to cool down for the third day, with a 1.7%…
- 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…
This website uses cookies