Technical analysis

EURUSD Wave Analysis 30 March, 2021

EURUSD Wave Analysis 30 March, 2021

• EURUSD broke three consecutive support levels

• Likely to reach support level 1.1610

EURUSD recently broke the three consecutive support levels: 1.1850 (low of wave 1 from the start of March), 1.1800 and 1.1740 (both from last November).

The breakout of these support levels accelerated the active impulse waves (iii), 3 and (C).

EURUSD is likely fall further toward the next support level 1.1610 (former monthly low from September and November of 2020).

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