EURUSD Wave Analysis

EURUSD: ⬆️ Buy

  • EURUSD broke key resistance level 1.1635
  • Likely to rise to resistance level 1.1800

EURUSD currency pair recently broke the key resistance level 1.1635 (which stopped earlier waves (4) and 2) and the resistance trendline of the daily down channel from January.

The breakout of these resistance levels accelerated the active intermediate impulse wave (3) – which started earlier from the strong long-term support level 1.1455.

Given the clear daily uptrend, EURUSD currency pair can be expected to rise to the next resistance level 1.1800 (top of wave 2 from February).

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.

Latest Analysis

Learn Forex Trading