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22.06.202306:51 Forex Analysis & Reviews: Elliott wave analysis of EUR/USD for June 22, 2023

Exchange Rates 22.06.2023 analysis

EUR/USD has broken nicely higher from the consolidation area between 1.0919 - 1.0970 and should be able to move into resistance in the 1.1033 - 1.1095 area. This will likely cause a temporary set-back in EUR/USD towards 1.0950 but only temporary and should set the stage for the next impulsive rally towards 1.1600 on the way higher to 1.2007 and likely closer to 1.2928.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Torben Melsted,
Analytical expert of InstaSpot
© 2007-2024
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