logo

FX.co ★ Elliott wave analysis of EUR/USD for August 21, 2023

Elliott wave analysis of EUR/USD for August 21, 2023

Elliott wave analysis of EUR/USD for August 21, 2023

EUR/USD dipped down to a low of 1.0844 or just 10 small pips from our ideal target at 1.0833. This is enough to fulfill the corrective target for wave ii and we will now be looking for a new impulsive rally in wave iii towards 1.1444.

A break above minor resistance at 1.0918 will be a strong indication that wave iii is in motion for a rally towards the 1.1444 target.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Go to the articles list Go to this author's articles Open trading account