FX.co ★ Elliott wave analysis of EUR/USD for November 6, 2023

We have finally seen the expected break above the resistance at 1.0617, confirming that wave 2 has been completed and wave 3 is now in motion for a rally towards at least 1.2085 or even above. Wave 3 is expected to be an extended wave. The first minor target to look for is seen at 1.0805, but as the wave gathers momentum, these minor targets will only become minor bumps on the way higher. Support is now seen at 1.0640 and then at 1.0617.