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21.11.2023 08:24 AM
Elliott wave analysis of EUR/USD for November 21, 2023
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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.

Torben Melsted,
Analytical expert of InstaTrade
© 2007-2025

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