FX.co ★ Elliott wave analysis of EUR/USD for July 3, 2023

EUR/USD dipped to a low of 1.0835 a bit short of our ideal target at 1.0779, but it's enough to fulfil the requirements. So, we could see a break above minor resistance at 1.0941 telling us that the next impulsive rally towards 1.2007 is unfolding. That said, we also need to respect the possibility of a final dip closer to 1.0779 as long as minor resistance at 1.0941 is able to cap the upside. The odds for a final dip seem slim, but nonetheless a possibility.