• EURUSD under bearish pressure
• Likely to fall to support level 0.9700
EURUSD currency pair under the bearish pressure after the price broke the support trendline of the daily up channel from October.
The breakout of this up channel coincided with the breakout of the 50% Fibonacci correction of the C-wave of the earlier ABC correction (4).
Given the overriding daily downtrend and the strong USD bullishness seen today, EURUSD can be expected to fall further toward the next support level 0.9700.
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
This website uses cookies