FX.co ★ Elliott wave analysis of EUR/USD for November 21, 2023

EUR/USD continues to push higher towards the first minor target seen near 1.1054 and then the former peak at 1.1275. In the longer term, we will look for a rally towards the long-term target at 1.2930.

In the short term, we see support at 1.0918 and then at 1.0880. We expect the latter to be able to act as a floor for the rally towards 1.1054.