• 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.
- Adobe reversed from support zone - Likely to rise to resistance level 500.00 Adobe…
- EURJPY reversed from support zone - Likely to rise to resistance level 0.8625 EURGBP…
USDJPY was slipping below 153 on Friday morning, a three-week low and having lost over…
Market picture Crypto market capitalisation rose 3.3% in 24 hours to $2.22 trillion. Local capitalisation…
- EURJPY under strong bearish pressure - Likely to fall to support level 163.10 EURJPY…
- WTI broke round support level 80.00 - Likely to fall to support level 76.00…
This website uses cookies