FX.co ★ Elliott wave analysis of EUR/USD for August 18, 2023

We have seen the expected decline towards the 1.0833 target. That said, we are now so close to the 1.0833 target, that bottom could be seen any time now. A break above minor resistance at 1.0918 will confirm that wave ii has completed and wave iii towards 1.1444 is unfolding.

We do prefer a final spike to test the 1.0833 target, but all requirements has now been fulfilled.