– EURUSD reversed up support level 1.0850
– Likely to rise to resistance level 1.1000
EURUSD currency pair recently reversed up from the support level 1.0850 , which stopped the previous impulse wave (1) earlier this month.
The support level 1.0850 was further strengthened by the 20-day moving average and by the 38.2% Fibonacci correction of the previous upward impulse from May.
Given the strength of the support level 1.0850 and the clear daily uptrend, EURUSD currency pair can be expected to rise further toward the next resistance level 1.1000 (previous monthly high from June).
- 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