EURUSD Wave Analysis

EURUSD: ⬇️ Sell

  • EURUSD reversed from the resistance zone
  • Likely to fall to support level 1.1350

EURUSD currency pair recently reversed down from the resistance zone located between the key resistance level 1.1475 (which has been reversing the price from the start of April) and the upper daily Bollinger Band.

The downward reversal from this resistance zone created the daily Japanese candlesticks reversal pattern Shooting Star,

Given the overbought daily Stochastic, EURUSD currency pair can be expected to fall to the next support level 1.1350.

FxPro
FxProhttp://www.fxpro.co.uk/?ib=606792
FxPro is an award-winning online broker offering Contracts for Difference (CFDs) on forex, futures, spot indices, shares, spot metals and spot energies. FxPro serves clients in over 150 countries worldwide and offers multilingual customer support 24/5. Trading CFDs involves significant risk of loss.

Featured Analysis

Learn Forex Trading