Elliott Wave: EUR/USD is targeting 2023 low [Video]

Gregor Horvat Wavetraders

EURUSD is coming to the downside as expected, falling from the fourth wave resistance area and is now seen trading in a fifth wave which is now forming a more extended drop than first thought, so it can extend much lower, down to 1.0450 if we consider that whole drop from October high can be wave C of a zigzag from 2023 highs visible on a weekly chart. Resistance after near near-term recovery is at 1.0590.

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Author

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

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