EUR/USD reached buy target 1.0870

EUR/USD reached buy target 1.0870

  • EUR/USD reached buy target 1.0870
  • Next sell target - 1.0670

EUR/USD continues to fall after the earlier downward reversal from the resistance zone lying between the resistance level 1.0870 (previous buy target), upper daily Bollinger Band and the 50% Fibonacci correction of the downward impulse from November. The downward reversal from this resistance zone stopped the earlier minor impulse wave 3.

EUR/USD is expected to fall further to the next sell target at the support level 1.0670 (former resistance level from February, acting as support after it was broken previously).



Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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