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FX.co ★ Elliott wave analysis of EUR/USD for August 3, 2022

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Forex Analysis:::2022-08-03T05:38:06

Elliott wave analysis of EUR/USD for August 3, 2022

Yesterday, we called for a decline into the support area between 1.0172 - 1.0195 before turning higher in the next impulsive rally towards 1.0644. EUR/USD moved a bit lower to test the 70.7% corrective target at near 1.0150 from where it turned higher. We should see EUR/USD extend its climb higher towards 1.0293 and above for the expected rally towards 1.0644 in the coming days.

Elliott wave analysis of EUR/USD for August 3, 2022

Analyst InstaForex
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