Wheat today broke through the key resistance level 550.00 (top of the previous short-term impulse wave 1 from the middle of June).
The breakout of the resistance level 550.00 accelerated the active short-term impulse wave 3 from the middle of June.
Wheat is expected to rise further and retest the next resistance level 570.00 (target price for the completion of the active impulse wave 3).
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- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
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- 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…
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