Technical analysis
EURUSD Wave Analysis 30 August 2023
August 30, 2023 @ 19:57 +03:00
![](https://fxpro.news/wp-content/uploads/2023/08/eurusd-primary-analysis-aug-30-1837-pm-1-day-1024x474.png)
– EURUSD broke daily down channel
– Likely to rise to resistance level 1.1045
EURUSD currency pair recently broke the resistance trendline of the daily down channel from the middle of July (which enclosed the previous short-term ABC correction ii).
The breakout of this down channel should accelerate the active short-term impulse wave iii of the higher impulse waves 3 and (3).
Given the clear daily uptrend, EURUSD currency pair can be expected to rise further toward the next resistance level 1.1045 (top of the previous correction b).