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March 05, 2021 at 03:41PM
• EURUSD broke key support level 1.1960
• Likely to fall to support level 1.1800
EURUSD recently broke the key support level 1.1960 (which stopped the A-wave of the active ABC correction (2) in February).
The breakout of the support level 1.1960 coincided with the breakout of the 50% Fibonacci correction of the earlier upward impulse (1) from November.
EURUSD is likely to fall further toward the next support 1.1800 (target price for the completion of the active ABC correction (2)).
From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/eurusd-wave-analysis-5-march-2021-20210305/
Selected by fonecable.com
Search Web: EURUSD Wave Analysis 5 March, 2021
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