EUR/USD: 'High Wave' points to decline
The market is likely going to test the 34 Moving Average. If a pullback from this line happens next, bulls will probably try to reach...
EUR/USD falling inside impulse wave C
- EUR/USD falling inside impulse wave C
- Next sell target - 1.1900
EUR/USD has been falling in the last few trading sessions inside the minor impulse wave C of the active intermediate ABC correction (2) from February. The pair earlier broke through the strong supports 1.2200 and 1.2100 - both of these breakouts strengthened the bearish pressure on this currency pair. EUR/USD is expected to fall toward the next sell target at next round support level 1.1900 (target price for the completion of the active impulse wave C).
Dmitry Chernovolov
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