Categories: Technical analysis

Verizon Wave Analysis – 3 September, 2020

• Verizon broke key resistance level 60,90

• Likely to rise to 62,00

Verizon today opened with the upward gap – breaking through the key resistance level 60,90 (former monthly top from January).

The breakout of the resistance level 60,90 was preceded by the breakout of the round resistance level 60,00 – which accelerated the active impulse waves (iii) and 3.

Verizon is likely to rise further toward the next major resistance level 62,00 (former monthly high from December).

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: VZ

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