EURUSD Wave Analysis – 27 April, 2022


• EURUSD broke long-term support level 1.0640

• Likely to fall to support level 1.0400

EURUSD currency pair under the strong bearish pressure after the price the long-term support level 1.0640 (the previous yearly low from the start of January).

The breakout of the support level 1.0640 accelerated the active impulse waves 5 and (3).

EURUSD currency pair can be expected to fall further toward the next support level 1.0400 (target for the completion of the active impulse waves 5) .

Source: Fxpro

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