FX.co ★ Elliott wave analysis of EUR/USD for July 25, 2023

EUR/USD is testing the former neckline resistance at 1.1033. This former resistance is now acting as support and should be able to reject the test for renewed upside pressure towards 1.1444 and above.

Short-term we would like to see minor resistance at 1.1147 give away for more upside pressure towards 1.1276 and then 1.1444 on the way higher.