FX.co ★ Elliott wave analysis of EUR/USD for November 21, 2022

EUR/USD should move a bit lower towards 1.0236 to complete the corrective decline from 1.0482. Once this correction is complete near 1.0236, a new impulsive rally higher towards 1.0786 and possibly even closer to 1.0926 should be expected.

However, for now, let's focus on the final dip closer to 1.0236 before the next move higher to 1.0482 and above.