empty
en
Search
Support
Instant account opening
Trading Platform
Deposit/Withdraw
Search
P2P Exchange Financial Markets For Partners Forum About InstaSpot
en
For Traders
Forex Analysis
Wave analysis

20.07.202306:58 Forex Analysis & Reviews: Elliott wave analysis of EUR/USD for July 20, 2023

Exchange Rates 20.07.2023 analysis

EUR/USD is still heading higher towards the next minor upside target at 1.1444 and in the longer term, towards the major target at 1.2007. We have likely just seen a minor correction complete with the test of 1.1197 and should soon see the next upside attack towards the 1.1444 target. A break above minor resistance at 1.1240 will confirm that the minor correction is complete and the next impulsive rally is unfolding towards the 1.1444 target and possibly even higher.

So, stay focused towards the upside and regard minor downswings as temporary setbacks in a larger uptrend.

*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
© 2007-2025
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

See Also

Forex Analysis & Reviews
All analytics
Stock Markets
Hot forecast
Trading plan
Crypto-currencies
Trend line
Video analytics
Instrument:
EURUSD
GBPUSD
USDCHF
USDCAD
USDJPY
AUDUSD
GBPJPY
EURGBP
EURJPY
NZDUSD
EURNZD
Silver
Gold
#USDX
COVID-19
Bitcoin
Photonews
All Photonews
Forex News
  • 2025-04-21 18:40:36
    Estonian PPI Dips in March, Marking a Surprise Shift to Deflation
    Quick show
    2025-04-21 18:40:36
    Indonesia Trade Surplus Beats Estimates
    Quick show
    2025-04-21 18:40:36
    Indonesia Imports Hit 3-Month High
    Quick show
    2025-04-21 18:40:36
    Indonesia Exports Unexpectedly Rise in March
    Quick show
    2025-04-21 18:40:36
    US 10-Year Yield Rises Amid Fed Uncertainty
    Quick show
    2025-04-21 18:40:36
    Bitcoin Breaks Above $87,000
    Quick show
    2025-04-21 18:40:36
    Indonesia's Trade Balance Surges in March, Reaching $4.33 Billion
    Quick show
    2025-04-21 18:40:36
    Indonesia's Import Growth Surges to 5.34% in March
    Quick show
    2025-04-21 18:40:36
    Indonesia's Export Growth Faces Substantial Decline in March 2025
    Quick show
    2025-04-21 18:40:36
    Palm Oil Slips Further to Below MYR 3,950
    Quick show
  • 2025-04-21 18:40:36
    Colombia Economic Activity Eases in February
    Quick show
    2025-04-21 18:40:36
    Heating Oil Tracks Crude Lower
    Quick show
    2025-04-21 18:40:36
    U.S. 6-Month Treasury Bill Auction Sees Nominal Decrease in Yield at 4.050%
    Quick show
    2025-04-21 18:40:36
    U.S. 3-Month Bill Auction Shows Steady Yield at 4.225%
    Quick show
    2025-04-21 18:40:36
    US Natgas Prices Fall to 11-Week Low
    Quick show
    2025-04-21 18:40:36
    Mexican Peso Near 6-Month High
    Quick show
    2025-04-21 18:40:36
    Gold Hits New Record High
    Quick show
    2025-04-21 18:40:36
    Rising Tide of Turkey's Central Government Debt Surpasses 10 Trillion Mark in March
    Quick show
    2025-04-21 18:40:36
    Canadian Dollar Hits 6-Month High
    Quick show
    2025-04-21 18:40:36
    WTI Crude Oil Falls by Over 3%
    Quick show
  • 2025-04-21 18:40:36
    U.S. Leading Index Declines to -0.7% in March Amid Economic Slowdown
    Quick show
    2025-04-21 18:40:36
    US 10-Year Yield Rises Further
    Quick show
    2025-04-21 18:40:36
    TSX Retreats on Monday
    Quick show
    2025-04-21 18:40:36
    US Stocks Kick Off the Week in The Red
    Quick show
    2025-04-21 18:40:36
    Russian Stocks Rebound from April Lows
    Quick show
    2025-04-21 18:40:36
    India Infrastructure Output Accelerates
    Quick show
    2025-04-21 18:40:36
    India's Infrastructure Output Jumps to 3.8% in March: An Encouraging Year-Over-Year Growth
    Quick show
    2025-04-21 18:40:36
    Russian Ruble Hovers at 2-Year High
    Quick show
    2025-04-21 18:40:36
    US Futures Point to Losses at the Open
    Quick show
    2025-04-21 18:40:36
    Oman Inflation Rate at 4-Month Low
    Quick show
  • 2025-04-21 18:40:36
    Lithium Falls to 4-Year Low
    Quick show
    2025-04-21 18:40:36
    Indian Rupee Strengthens to 4-Month High
    Quick show
    2025-04-21 18:40:36
    Israel’s GDP Growth Shows Slight Uptick in Fourth Quarter of 2024
    Quick show
    2025-04-21 18:40:36
    Qatar’s Total Credit Grows as Annual Indicator Rises to 5.50% in March
    Quick show
    2025-04-21 18:40:36
    Oman's Inflation Remains Stagnant in March, Continuing February's Trend
    Quick show
    2025-04-21 18:40:36
    Qatar's M2 Money Supply: Marginal Recovery Noted in March 2025
    Quick show
    2025-04-21 18:40:36
    Oman's Inflation Rate Eases to 0.6% in March
    Quick show
    2025-04-21 18:40:36
    Indian Stocks Extend Rally to YTD High
    Quick show
    2025-04-21 18:40:36
    Indian 10-Year Yield Falls to Over 3-Year Low
    Quick show
    2025-04-21 18:40:36
    German 10-Year Bund Yield Edges Up
    Quick show
  • 2025-04-21 18:40:36
    Swiss Franc Strengthens to Over 10-Year High
    Quick show
    2025-04-21 18:40:36
    Euro at 2021-Highs
    Quick show
    2025-04-21 18:40:36
    Dollar Slumps as Trump Administration Ramps Up Pressure on Fed
    Quick show
    2025-04-21 18:40:36
    Silver Rises as Weaker Dollar Spurs Safe-Haven Demand
    Quick show
    2025-04-21 18:40:36
    China Stocks Rise as PBOC Holds Rates Steady
    Quick show
    2025-04-21 18:40:36
    Copper Hits 2-Week High on Weaker Dollar
    Quick show
    2025-04-21 18:40:36
    Japanese Shares Slide as Stronger Yen Hits Exporters
    Quick show
    2025-04-21 18:40:36
    India Stocks Rise to 4-Month Highs
    Quick show
    2025-04-21 18:40:36
    Estonian Producer Inflation Eases Significantly
    Quick show
    2025-04-21 18:40:36
    Estonian Producer Price Inflation Sees Remarkable Cooldown in March
    Quick show
  • 2025-04-21 18:40:36
    Estonian PPI Dips in March, Marking a Surprise Shift to Deflation
    Quick show
    2025-04-21 18:40:36
    Indonesia Trade Surplus Beats Estimates
    Quick show
    2025-04-21 18:40:36
    Indonesia Imports Hit 3-Month High
    Quick show
    2025-04-21 18:40:36
    Indonesia Exports Unexpectedly Rise in March
    Quick show
    2025-04-21 18:40:36
    US 10-Year Yield Rises Amid Fed Uncertainty
    Quick show
    2025-04-21 18:40:36
    Bitcoin Breaks Above $87,000
    Quick show
    2025-04-21 18:40:36
    Indonesia's Trade Balance Surges in March, Reaching $4.33 Billion
    Quick show
    2025-04-21 18:40:36
    Indonesia's Import Growth Surges to 5.34% in March
    Quick show
    2025-04-21 18:40:36
    Indonesia's Export Growth Faces Substantial Decline in March 2025
    Quick show
    2025-04-21 18:40:36
    Palm Oil Slips Further to Below MYR 3,950
    Quick show
  • 2025-04-21 18:40:36
    Colombia Economic Activity Eases in February
    Quick show
    2025-04-21 18:40:36
    Heating Oil Tracks Crude Lower
    Quick show
    2025-04-21 18:40:36
    U.S. 6-Month Treasury Bill Auction Sees Nominal Decrease in Yield at 4.050%
    Quick show
    2025-04-21 18:40:36
    U.S. 3-Month Bill Auction Shows Steady Yield at 4.225%
    Quick show
    2025-04-21 18:40:36
    US Natgas Prices Fall to 11-Week Low
    Quick show
    2025-04-21 18:40:36
    Mexican Peso Near 6-Month High
    Quick show
    2025-04-21 18:40:36
    Gold Hits New Record High
    Quick show
    2025-04-21 18:40:36
    Rising Tide of Turkey's Central Government Debt Surpasses 10 Trillion Mark in March
    Quick show
    2025-04-21 18:40:36
    Canadian Dollar Hits 6-Month High
    Quick show
    2025-04-21 18:40:36
    WTI Crude Oil Falls by Over 3%
    Quick show
Company News
All news
InstaForex to Participate in Money Expo Abu Dhabi 2025 as a Diamond Sponsor

InstaForex to Participate in Money Expo Abu Dhabi 2025 as a Diamond Sponsor

InstaForex is proud to announce its participation in one of the largest events in the finance and trading industry — Money Expo Abu Dhabi 2025, taking place on April 23–24 in the very heart of the United Arab Emirates. Money Expo Abu Dhabi is an international platform that brings together thousands of industry professionals — investors, traders, brokerage firms, financial institutions, and tech startups. This two-day event will become a true hub for everyone interested in the latest trends, cutting-edge solutions, and emerging opportunities in the financial markets.

Show more
Caricatures
All caricatures
Can't speak right now?
Ask your question in the chat.
 

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 InstaSpot anyway.

We are sorry for any inconvenience caused by this message.