FX.co ★ Elliott wave analysis of EUR/USD for July 11, 2023

EUR/USD is now testing resistance at 1.1033. A break above here will confirm wave 3/ of 3 unfolding for a rally towards the 1.2007 target. Short-term we could see resistance cause a temporary setback towards 1.0943 before the next strong attempt to break above strong resistance at 1.1033 for the expected rally higher to 1.2007.