Categories: Technical analysis

EURUSD Wave Analysis – 8 September, 2021

• EURUSD reversed from resistance area

• Likely to test support level 1.1750

EURUSD currency pair recently reversed down from the resistance area set between the pivotal resistance level 1.19 (which has been reversing the price from July) and the 38.2% Fibonacci correction of the downward impulse (C) from May.

The downward reversal from this resistance area started the active corrective wave (2).

EURUSD currency pair can be expected to fall further toward the next support level 1.1750 (target for the completion of the active corrective wave (2)).

The FxPro News Team

This team of professional journalists announces the most interesting and influential articles from the major financial media as a brief summary. All such news may have sufficient potential to affect the course of trading assets.

Share
Published by
The FxPro News Team

Recent Posts

Brent Crude oil Wave Analysis – 13 January 2026

Brent Crude oil ⬆️ Buy - Brent Crude oil rising inside impulse wave c -…

8 hours ago

USDJPY Wave Analysis – 13 January 2026

USDJPY ⬆️ Buy - USDJPY broke resistance area - Likely to rise to resistance level…

8 hours ago

Exxon Mobil Wave Analysis – 13 January 2026

Exxon Mobil ⬆️ Buy - Exxon Mobil broke resistance level 125.60 - Likely to rise…

8 hours ago

BNB Wave Analysis – 13 January 2026

Brent Crude oil ⬆️ Buy - BNB broke out of sideways price range - Likely…

8 hours ago

A slightly weaker CPI was not enough to break through the highs

US CPI data a bit softer than forecasts, sparking brief market optimism, but resistance remains.…

14 hours ago

Pro News Flash: Global Tensions Fuel a Fresh Oil Rally

🛢️ Oil prices are finding fresh strength as geopolitical tensions in the Middle East reignite…

14 hours ago

This website uses cookies