EURUSD Wave Analysis 6 April, 2021
April 06, 2021 @ 17:58 +03:00
• EURUSD reversed from support level 1.1750
• Likely to rise to resistance level 1.1900
EURUSD recently reversed up with the daily Morning Star from the key support level 1.1750 (which stopped the earlier wave 2 in November).
The pair earlier broke the daily down channel from February – which accelerated the active short-term ABC correction (ii).
EURUSD index is likely to rise further toward the next resistance level 1.1900 (target for the completion of the active correction (ii)).