- EURUSD reversed from resistance level 1.0930
- Likely to fall to support level 1.0830
EURUSD currency pair recently reversed down from the key resistance level 1.0930 (a former monthly high from November, which also stopped the earlier minor impulse wave iii).
The downward reversal from resistance level 1.0930 is likely to form the daily Japanese candlesticks reversal pattern Evening Star – a strong sell signal for EURUSD.
Given the overbought daily RSI and strongly bullish US dollar sentiment, EURUSD currency pair can be expected to fall to the next support level 1.0830 (low of the previous correction iv).
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.