EUR/USD broke support zone
- EUR/USD broke support zone
- Next sell target 1.0950
EUR/USD continues to fall inside the minor impulse wave (iii) – which belongs to the impulse wave 3 from August. The pair earlier broke through the support zone lying between the strong support level 1.1150 (which has been reversing the price form August) and the 50% Fibonacci correction of the previous upward impulse from July.
The breakout of the aforementioned support zone intensified the bearish pressure on this currency pair. EUR/USD is expected to fall further toward the next sell target at the support level 1.0950 (which previously reversed the price sharply in June and July).