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).

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