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EURUSD Wave Analysis 24 September, 2020

EURUSD Wave Analysis 24 September, 2020

• EURUSD broke support zone

• Likely to fall to 1.1560

EURUSD recently broke the support area located between the support level 1.1755 (which stopped the previous waves 4, (1) and 1) and the 38.2% Fibonacci retracement of the previous upward price move from July.

The breakout of this support zone accelerated the two active nested downward impulse sequences 3 and (3).

EURUSD is expected to fall further toward the next support level 1.1560 (projected price for the termination of the active impulse wave 3).

EURUSD Wave Analysis 24 September, 2020


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