FX.co ★ Elliott wave analysis of EUR/USD for June 30, 2023

EUR/USD still needs at least to break below minor support at 1.0849 and ideally move down to test support at 1.0779 before turning higher in the next impulsive rally towards at least 1.2009 and likely closer to the 1.618-time wave 1 target at 1.2928.

Short-term we see resistance at 1.0941 that needs to cap the upside for the expected break below minor support at 1.0849.