EUR/USD falling inside minor impulse wave (iii)
Next sell target - 1.0450
EUR/USD continues to fall inside the active minor impulse wave (iii) – which started earlier from the resistance level 1.0670 (which reversed the price with the daily Japanese candlesticks reversal pattern Dark Cloud Cover earlier this month). The active impulse wave (iii) belongs to wave (iv) from the start of February.
EUR/USD is currently approaching the support level 1.0520 (which reversed the earlier minor impulse wave i). If the pair breaks below this support level - EUR/USD can then be expected to fall further to the next sell target at the next powerful level 1.0450 (which reversed the pair with the daily Hammer in January).
Next sell target - 1.0450
EUR/USD continues to fall inside the active minor impulse wave (iii) – which started earlier from the resistance level 1.0670 (which reversed the price with the daily Japanese candlesticks reversal pattern Dark Cloud Cover earlier this month). The active impulse wave (iii) belongs to wave (iv) from the start of February.
EUR/USD is currently approaching the support level 1.0520 (which reversed the earlier minor impulse wave i). If the pair breaks below this support level - EUR/USD can then be expected to fall further to the next sell target at the next powerful level 1.0450 (which reversed the pair with the daily Hammer in January).