Main Quotes Calendar Forum
flag

FX.co ★ Elliott wave analysis of EUR/USD for February 15, 2023

parent
Forex Analysis:::2023-02-15T05:04:20

Elliott wave analysis of EUR/USD for February 15, 2023

Elliott wave analysis of EUR/USD for February 15, 2023

EUR/USD rallied nicely and tested strong resistance at 1.0791 but wasn't able to break clearly above on the first try. After a temporary correction towards 1.0684, we should see a new and this time likely successful break above resistance at 1.0790 for a continuation higher towards 1.1109 in wave 5.

So, look for a little more downside closer to 1.0684 to complete the minor correction from 1.0804 for a new impulsive rally towards 1.0933 and 1.1109 as the next upside targets.

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...