EUR/USD reversed from support zone

EUR/USD reversed from support zone

  • EUR/USD reversed from support zone
  • Next buy target - 1.2500

EUR/USD recently reversed up from the support zone lying between the support level 1.2200 (which reversed the previous minor corrective wave 4 in January), lower daily Bollinger Band and the 38.2% Fibonacci correction of the previous intermediate impulse wave (3). EUR/USD is expected to rise toward the next buy target at the next resistance level 1.2500 (top of the previous waves (3) and B).

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