FX.co ★ Elliott wave analysis of EUR/USD for September 25, 2023

We continue to look for a final dip closer to the ideal corrective target seen at 1.0530 to complete the expanded flat correction in wave 2 and set the stage for the next impulsive rally in wave 3 towards at least 1.2085. More likely, we should see an extension higher towards the extension target at 1.3045.

In the short term, we see resistance at 1.0768. Only a break above here will indicate that wave 2 has terminated prematurely and wave 3 is already in motion.