EUR/USD reversed from support area

Read the article on FBS website
  • EUR/USD reversed from support area
  • Next buy target - 1.1900

EUR/USD continues to rise after the earlier upward reversal from the support area lying between the key support level 1.1700 (which also stopped the previous minor correction (a)), lower daily Bollinger Band and the 38.2% Fibonacci correction of the previous sharp upward impulse from the start of July. The upward reversal from this support area stopped the earlier minor impulse wave c. EUR/USD is expected to rise to next buy target at the next resistance level 1.1900 (top of impulse 3).

Share with friends:

Similar

Latest news

Instant opening

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.