EURUSD Wave Analysis

EURUSD: ⬇️ Sell

  • EURUSD broke support zone
  • Likely to fall to support levels 1.1500 and 1.1450

EURUSD currency pair recently broke the support zone between the support level 1.1600 (which stopped earlier correction (2)) and the 61.8% Fibonacci correction of the upward impulse (1) from March.

The breakout of this support zone accelerated the active impulse waves 3 and (3).

Given the strongly bullish US dollar sentiment seen today, EURUSD currency pair can be expected to fall to the next support levels 1.1500 and 1.1450.

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