LeoPrime Daily Market Analysis

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EURUSD rising inside impulse wave 3; Likely to rise to 1.19190

EURUSD continues to rise inside the short-term impulse wave 3, which today broke above the key resistance level 1.18300 (which stopped the previous short-term impulse wave 1 at the start of October, as can be seen below) intersecting with the 50% Fibonacci correction of wave (2) from August. Given the rising bearish U.S. dollar sentiment seen across the currency markets today, EURUSD is likely to extend the gains toward the next resistance level 1.1919 (top of wave B from the start of September).

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