EUR/USD broke strong support area

EUR/USD broke strong support area

  • EUR/USD broke strong support area
  • Next sell target - 1.1500

EUR/USD today broke through the support area lying between the support level 1.1660 (which has been reversing the price from August) and the 50% Fibonacci correction of the previous upward impulse from the middle of June. The breakout of this support area accelerated the active B-wave of the intermediate ABC correction (B) from the start of this month. EUR/USD is expected to fall to the next sell target at the next support level 1.1500.

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