Categories: Technical analysis

EURUSD Wave Analysis 30 March, 2021

• EURUSD broke three consecutive support levels

• Likely to reach support level 1.1610

EURUSD recently broke the three consecutive support levels: 1.1850 (low of wave 1 from the start of March), 1.1800 and 1.1740 (both from last November).

The breakout of these support levels accelerated the active impulse waves (iii), 3 and (C).

EURUSD is likely fall further toward the next support level 1.1610 (former monthly low from September and November of 2020).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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Tags: EURUSD

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