FX.co ★ Elliott wave analysis of EUR/USD for March 10, 2022

EUR/USD rallied nicely from the 1.0845 target and broke above the minor resistance at 1.0944 without problems and is now ready to test resistance at 1.1120 and a break above here will confirm that wave 2 has completed and wave 3 higher is in motion.

A break above resistance at 1.1120 will call for a continuation higher to 1.1455 as the first major hurdle on the way higher and a period of consolidation should be expected here before the next swing higher. towards 1.1689 and 1.2345.