empty
21.11.2023 08:24 AM
Elliott wave analysis of EUR/USD for November 21, 2023

EUR/USD continues to push higher towards the first minor target seen near 1.1054 and then the former peak at 1.1275. In the longer term, we will look for a rally towards the long-term target at 1.2930.

In the short term, we see support at 1.0918 and then at 1.0880. We expect the latter to be able to act as a floor for the rally towards 1.1054.

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

Recommended Stories

GBP/USD Analysis on August 1, 2025

The wave pattern for GBP/USD continues to indicate the formation of an upward impulse wave pattern. The wave configuration closely resembles that of EUR/USD, as the dollar remains

Chin Zhao 21:16 2025-08-01 UTC+2

EUR/USD Analysis on August 1, 2025

The wave pattern on the 4-hour chart for EUR/USD has remained unchanged for several months. The formation of an upward trend segment continues, and the news background mostly does

Chin Zhao 21:10 2025-08-01 UTC+2

GBP/USD Analysis on July 31, 2025

The wave pattern for GBP/USD continues to indicate the development of a bullish impulse wave structure. The wave configuration closely mirrors that of EUR/USD, as the U.S. dollar remains

Chin Zhao 20:36 2025-07-31 UTC+2

EUR/USD Analysis on July 31, 2025

The wave pattern on the 4-hour chart for EUR/USD has remained unchanged for several months. The upward segment of the trend continues to form, while the news backdrop mostly fails

Chin Zhao 20:25 2025-07-31 UTC+2

GBP/USD Analysis on July 30, 2025

The wave pattern for GBP/USD continues to indicate the formation of a bullish impulse wave sequence. The wave pattern closely mirrors that of EUR/USD, as the dollar remains the sole

Chin Zhao 21:04 2025-07-30 UTC+2

EUR/USD Analysis on July 30, 2025

The wave pattern on the 4-hour chart for EUR/USD has remained unchanged for several months. The upward trend segment continues to unfold, while the news background has largely failed

Chin Zhao 20:54 2025-07-30 UTC+2

EUR/USD on July 29th: Bulls May Push the Market Toward the 1.189 Level

In the long term, the EUR/USD market may be forming a large bullish correction (B), which is taking the shape of a standard A-B-C zigzag. As of now, only

Roman Onegin 18:32 2025-07-29 UTC+2

GBP/USD Analysis on July 28, 2025

The wave pattern for GBP/USD continues to indicate the formation of a bullish impulse wave structure. The wave pattern is almost identical to that of EUR/USD, as the only real

Chin Zhao 21:13 2025-07-28 UTC+2

EUR/USD Analysis on July 28, 2025

The wave pattern on the 4-hour EUR/USD chart has remained unchanged for several months. The upward segment of the trend continues to develop, while the news background continues to support

Chin Zhao 21:06 2025-07-28 UTC+2

Weekly Forecast Based on Simplified Wave Analysis for GBP/USD, AUD/USD, USD/CHF, EUR/JPY, AUD/JPY, and the USDollar Index — July 28th

A continued decline in the British pound is expected in the upcoming week, within the projected support zone. A sideways drift with a rise toward resistance levels is likely

Isabel Clark 08:25 2025-07-28 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.