EURUSD Wave Analysis 18 May, 2021
May 18, 2021 @ 18:11 +03:00
• EURUSD broke resistance level 1.2180
• Likely to rise to resistance level 1.2240
EURUSD recently broke the key resistance level 1.2180 (which stopped the previous impulse wave 1 at the start of May).
The breakout of the resistance level 1.2180 continues the active impulse waves 3 and (3).
EURUSD is likely to rise further toward the next resistance level 1.2240 (top of the previous wave (B) from February) – from where the price is likely to correct down.