EUR/USD is likely to continue higher towards our target seen at 1.0933 to complete wave 5/ and 3. After a temporary correction in wave 4, renewed upside progress to above 1.0933 should be expected. Short-term we see support near 1.0695 and 1.0577.
The latter should act as a floor for the expected rally towards our ideal target near 1.0933. That said, we should also respect the fact that the best part of the rally in wave 3 now is behind us and we only need the final push higher to 1.0933 to complete wave 3 and set the stage for a correction in wave 4.
Relevance up to 06:00 2023-01-12 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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