August 13, 2020 at 03:38PM
• EURUSD reversed from support level 1.1710
• Likely to rise to 1.1900
EURUSD recently reversed up from the support level 1.1710 (low of the previous correction (iv)), intersecting with the 38.2% Fibonacci correction of the previous upward impulse from June.
The upward reversal from the support level 1.1710 created the daily Japanese candlesticks reversal pattern Morning Star.
EURUSD is likely to rise further toward the next resistance level 1.1900 (top of the daily Evening Star from the start of August).
From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/eurusd-wave-analysis-13-august-2020-20200813/
Selected by fonecable.com
Search Web: EURUSD Wave Analysis – 13 August, 2020
Recent Posts
- S&P 500 Holds Losses Despite Pullback in Short-Term Consumer Inflation Expectations
- Gold Price Forecast: Gold Threatens Larger Break, 1854 Support in Sight
- Markets Week Ahead: Dow Jones, US Dollar, Gold, Euro, Fed, CPI, China
- S&P 500 Outlook: Equities Drop Ahead of Peloton, Disney and Alibaba Earnings
- USD/JPY Forecast – Setting Up for the Next Leg Higher?
