EURUSD Challenging Wave C

Ahmed Darwish Forex Community

EURUSD had dropped from 1.25500 and failed to stay above the broken resistance at 1.253933 confirming by this drop the end of Wave B and starting Wave C, and from wave perspective, the pair has more to the down side to challenge the support around 1.2200.

And from SWAT analysis perspective the pair break the 144 EMA by strong 4-hour candle in addition to breaking the 21 EMA and the fractal and by adding Wize tool do view expected support levels we see that the pair breaks the fourth level aiming to reach the faith level around 1.2180.

Author

Ahmed Darwish

Forex Community

Full time trader, Ahmed Darwish has a bachelor degree in accounting and has been working in Forex since 2011. He publishes his analysis article in two languages (Arabic and English) in different Forex websites.

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