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

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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.

Summary
Urgency
Analytic
Torben Melsted
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