FxPro - Analytics

FxPro

753.75 6.25/10
88% of positive reviews
Real

EURUSD Wave Analysis – 6 July, 2020

EURUSD Wave Analysis – 6 July, 2020

  • EURUSD rising inside wave (ii)
  • Likely to rise to 1.3500

EURUSD continues to rise inside the short-term corrective wave (ii) which started earlier from the support 1.1200, intersecting with the 38.2% Fibonacci retracement of the previous sharp upward impulse from May.

The active corrective wave (ii) belongs to the longer-term impulse waves 3 and (3). With the strong pro-euro sentiment seen today – EURUSD is likely to rise further toward the next resistance level 1.3500 (top of the previous correction 2 and the target for the completion of the active wave (ii)).

EURUSD Wave Analysis – 6 July, 2020


To leave a comment you must or Join us


By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree