Daily EUR USD overview ► important events, technical analysis and community trends for Euro/Dollar – the most popular currency pair in the world
EURUSD is moving south but the pair may be looking for some support near 1.0750 as we see a price action in the fifth wave showing a decline of an impulsive structure from 1.0947. In that region we also see a 161.8% extension of wave 2/B which can also react as a support, but maybe only for a short-term; another but smaller a-b-c recovery.
EURUSD, 30 Min
On the 1H chart, the Japanese yen is rising as safe-haven investment in risk-off mode. Below we have AUDJPY that turned nicely down in the last few hours, now going into wave five that can hit 84.70-85.00.
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