FX.co ★ Elliott wave analysis of EUR/USD for June 28, 2023

We continue to look for EUR/USD to move a bit lower towards 1.0779 to complete the small correction in wave 2/ and set the stage for the next impulsive rally higher towards at least 1.2007 and more likely closer to the 1.618-time wave 1/ target near 1.2928.

But for now, a final dip closer to 1.0779 and then impulsively up to 1.2007 and likely higher.