EUR/USD broke strong resistance level 1.1960

EUR/USD broke strong resistance level 1.1960

2019-11-11 • Updated

  • EUR/USD broke strong resistance level 1.1960
  • Next buy target - 1.2100

EUR/USD continues to rise inside the minor impulse wave 3 after the earlier breakout of the strong resistance level 1.1960 (which stopped the previous intermediate impulse wave (1) in November). The breakout of this resistance level accelerated the active minor impulse wave 3 – which belongs to the impulse wave (3). EUR/USD is expected to rise to the next buy target at the next resistance level 1.2100 (top of the previous impulse wave (5)).


EUR/USD Hit All Targets
EUR/USD Hit All Targets

4H Chart  Daily Chart  EURUSD managed to rise further on Friday inline with our expectations, reaching our entire targets mentioned in our previous notes at 1…

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