empty
 
 
20.07.2023 06:58 AM
Elliott wave analysis of EUR/USD for July 20, 2023

This image is no longer relevant

EUR/USD is still heading higher towards the next minor upside target at 1.1444 and in the longer term, towards the major target at 1.2007. We have likely just seen a minor correction complete with the test of 1.1197 and should soon see the next upside attack towards the 1.1444 target. A break above minor resistance at 1.1240 will confirm that the minor correction is complete and the next impulsive rally is unfolding towards the 1.1444 target and possibly even higher.

So, stay focused towards the upside and regard minor downswings as temporary setbacks in a larger uptrend.

Summary
Urgency
Analytic
Torben Melsted
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback