Add a listing
0
Add a listing

EURUSD Wave Analysis – 6 August 2025

EURUSD: ⬆️ Buy

– EURUSD reversed from support area

– Likely to rise to resistance level 1.1755

EURUSD currency pair recently reversed from the support area between the strong support level of 1.1500 (former low of wave iv from June), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse 1 from May.

The upward reversal from this support area created the clear daily Japanese candlesticks reversal pattern Morning Star.

Given the clear daily uptrend and bearish us dollar sentiment seen today, EURUSD can be expected to rise to the next resistance level 1.1755.

Source: Fxpro

Related Posts

Recent Posts
Leading Key
Asian Shares Asian Stocks bafin Blog brent brokerswatch CBI Ireland cftc cointelegraph Commodities Crude Oil energy european fca fcnb FINRA Forex fsma fxpro Gold gold-price Inflation Interview Market Analysis markets Marketwatch News News stories oil oott OPEC Press Release Press Releases Roboforex Russia Speech Statements stock markets Stocks Technical analysis tickmill Trading Warning Notice wti xgloabalmarkets
About
brokerswatch white red logo

Searching for the right forex broker is no easy task, but have no fear! Brokerswatch Forex Brokers Directory has made it very simple.  Find the right brokers based on the criteria most important to you and compare them side by side for easier selection

Twitter Facebook-f Instagram Linkedin Reddit

Brokers By Regulator

Forex Brokers List

Trading Tools

Risk Warning: FX trading is high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment goals, experience and risk tolerance levels. Loss of  part or all of your initial investment is possible;  therefore do not invest money that you cannot afford to lose. It is advised to educate yourself about FX trading before you trade real money. Disclaimer:  All data and information on this Website are provided “as is” and to be used only for information purposes.  Information is not  intended for trading or trading recommendations.  The operators of this website shall not be liable for any loss incurred by you as a result of reliance on the information contained in the Website.