Elliott wave analysis of EUR/USD for August 21, 2023
August 21, 2023 6:22 am
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 material has been provided by InstaForex Company – www.instaforex.com
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 material has been provided by InstaForex Company – www.instaforex.com
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