- Bank of America broke support zone
- Likely to fall to support level 50.00
Bank of America recently broke the support zone between the key support level 52.00 (which stopped earlier wave (b)) and the support trendline of the daily up channel from October.
The breakout of the support level 52.00 accelerated the active impulse wave c from the resistance level 54.00.
Bank of America can be expected to fall to the next round support level 50.00 (which stopped the previous minor correction ii in November).
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By the FxPro Analyst Team
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Disclaimer
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