FX.co ★ Elliott wave analysis of EUR/USD for July 10, 2023

EUR/USD came close to our ideal corrective target at 1.0826 before moving higher again as the next impulsive rally in wave 3/ is gaining momentum. We would like to see the former high at 1.1012 broken as confirmation that wave 3/ is unfolding towards the next upside target seen near 1.2007.

Support is now seen at 1.0957, ideally acting as a firm bottom for the next impulsive rally in wave 3/.