FX.co ★ Elliott wave analysis of EUR/USD for September 26, 2023

We have seen another push lower towards the ideal corrective target at 1.0530. With only about 50 pips more to reach the ideal target, the potential is turning towards the upside as the potential downside now seems very limited. To confirm that the ongoing correction in a wave of the expanded flat correction in wave 2 has come to its completion, we need a break above the minor resistance at 1.0768. A break above here will confirm that wave 2 has been completed and wave 3 towards 1.2085 is in motion.