- Costco broke the support area
- Likely to fall to support level 940.00
Costco recently broke the support area located between the pivotal support level 970.00 and the 50% Fibonacci correction of the upward impulse from April.
The breakout of this support area accelerated the C-wave of the active ABC correction (2).
Costco can be expected to fall to the next support level 940.00 (target price for the completion of the active C-wave).
By the FxPro Analyst Team
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By the FxPro Analyst Team
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Disclaimer
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