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

We continue to look for a bit more corrective downside pressure toward 1.0469 before the next impulsive rally higher towards 1.0927 which will likely complete wave 3. In the short term, a break below minor resistance at 1.0569 will confirm the final decline towards 1.0469 will complete the correction and will set the stage for the next impulsive rally higher to 1.0927 and ultimately higher too.

For now, look for a break below 1.0569 to trigger the next decline toward 1.0469.