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April 13, 2021 at 04:06PM
• EURUSD broke resistance level 1.1900
• Likely to reach resistance level 1.2000
EURUSD recently broke the minor multi-candle resistance level 1.1900 (top of the previous impulse wave (a)) intersecting with the 38.2% Fibonacci correction of the previous sharp downward impulse wave 1.
The breakout of the resistance level 1.1900 should accelerate the active minor ABC correction 2 from the end of March.
EURUSD is likely to rise further toward the next resistance level 1.2000 (former resistance from the middle of March – which stopped earlier waves (b) and ii).
From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/eurusd-wave-analysis-13-april-2021-20210413/
Selected by fonecable.com
Search Web: EURUSD Wave Analysis 13 April, 2021
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