empty
22.06.2023 06:51 AM
Elliott wave analysis of EUR/USD for June 22, 2023

This image is no longer relevant

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.

Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

EUR/USD Analysis on May 27, 2025

The wave pattern on the 4-hour chart for EUR/USD has shifted into a bullish structure and continues to hold that form. I believe there's little doubt that this transformation

Chin Zhao 20:47 2025-05-27 UTC+2

GBP/USD Analysis on May 27, 2025

The wave structure for GBP/USD continues to indicate the formation of a bullish impulsive wave pattern. The wave setup is almost identical to that of EUR/USD. Until February

Chin Zhao 20:30 2025-05-27 UTC+2

GBP/USD Analysis on May 26, 2025

The wave structure for GBP/USD continues to indicate the development of a bullish impulse wave pattern. The wave picture closely resembles that of EUR/USD. Until February 28, we observed

Chin Zhao 16:49 2025-05-26 UTC+2

Weekly Forecast Using Simplified Wave Analysis for GBP/USD, AUD/USD, USD/CHF, EUR/JPY, Ethereum, and U.S. Dollar Index on May 26th

GBP/USD Analysis: Since January, the British pound has been trending upward. The current incomplete segment began on April 8. Within this wave, the final segment remains unfinished. The price

Isabel Clark 11:23 2025-05-26 UTC+2

Weekly Forecast Using Simplified Wave Analysis: EUR/USD, USD/JPY, GBP/JPY, USD/CAD, NZD/USD, and Gold on May 26th

EUR/USD Analysis: Since April, the euro's primary pair has been forming a descending horizontal pennant. From a strong, potentially reversal zone on the daily timeframe in mid-May, the price began

Isabel Clark 11:15 2025-05-26 UTC+2

GBP/USD Analysis on May 22, 2025

For the GBP/USD pair, the wave structure continues to suggest the development of a bullish impulsive trend. The wave pattern is nearly identical to that of EUR/USD. Until February

Chin Zhao 18:12 2025-05-22 UTC+2

EUR/USD Analysis on May 21, 2025

The wave pattern on the 4-hour chart for EUR/USD has transformed into a bullish structure and continues to remain so. I believe no one doubts that this transformation occurred solely

Chin Zhao 18:56 2025-05-21 UTC+2

GBP/USD Analysis on May 21, 2025

wave structure, largely driven by Donald Trump. The wave setup is nearly identical to that of EUR/USD. Until February 28, we observed the formation of a convincing corrective structure that

Chin Zhao 18:51 2025-05-21 UTC+2

GBP/USD Analysis on May 20, 2025

The wave pattern for GBP/USD continues to indicate the formation of a bullish impulsive wave structure, thanks to Donald Trump. The wave picture is almost identical to that

Chin Zhao 19:47 2025-05-20 UTC+2

EUR/USD Analysis on May 20, 2025

The wave structure on the 4-hour EUR/USD chart has transformed into a bullish one and continues to maintain that shape. I believe there is no doubt that this transformation occurred

Chin Zhao 19:40 2025-05-20 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

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 InstaForex anyway.

We are sorry for any inconvenience caused by this message.