Technical analysis

EURUSD Wave Analysis 25 February, 2021

EURUSD Wave Analysis 25 February, 2021

• 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)).

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