EURUSD Wave Analysis 25 February, 2021
February 25, 2021 @ 19:01 +03:00
• EURUSD broke key resistance level 1.2150
• Likely to reach resistance 1.2350
EURUSD currency pair recently broke the resistance level 1.2150 (which stopped the previous waves B and 1) intersecting with the 50% Fibonacci correction of the downward correction (2) from January.
The breakout of the resistance level 1.2150 is aligned with the active impulse waves 3 and (3).
EURUSD is likely to rise further toward the next resistance level 1.2350 (top of the previous sharp impulse wave (C)).