- Cisco broke round resistance level 90.00
- Likely to rise to resistance level 94.00
Cisco recently broke the round resistance level 90.00 (which stopped the previous minor impulse wave i in the middle of April)
The breakout of resistance level 90.00 accelerated the active impulse waves iii and 3 – both of which are a part of the intermediate impulse wave (3) from March.
Given the strong daily uptrend, Cisco can be expected to rise to the next resistance level 94.00 – forecast price for the completion of the active impulse wave (3).
- Likely to rise to resistance level 94.00
Cisco recently broke the round resistance level 90.00 (which stopped the previous minor impulse wave i in the middle of April)
The breakout of resistance level 90.00 accelerated the active impulse waves iii and 3 – both of which are a part of the intermediate impulse wave (3) from March.
Given the strong daily uptrend, Cisco can be expected to rise to the next resistance level 94.00 – forecast price for the completion of the active impulse wave (3).
By the FxPro Analyst Team
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By the FxPro Analyst Team
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.