21.11.202308:24 Forex Analysis & Reviews: Elliott wave analysis of EUR/USD for November 21, 2023

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

EUR/USD continues to push higher towards the first minor target seen near 1.1054 and then the former peak at 1.1275. In the longer term, we will look for a rally towards the long-term target at 1.2930.

In the short term, we see support at 1.0918 and then at 1.0880. We expect the latter to be able to act as a floor for the rally towards 1.1054.

Back to the list

Open trading account

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