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24.11.202307:03 Forex Analysis & Reviews: Elliott wave analysis of EUR/USD for November 24, 2023

We continue to look for EUR/USD to move a bit lower to test support at 1.0785. This could complete the correction from 1.0963 and the right shoulder of an inverse S/H/S bottom. Once the right shoulder completes near 1.0785, a new rally towards the neckline at 1.0963 is expected and ultimately, a break above here too. A break above the neckline resistance will activate the S/H/S bottom for a rally towards 1.1275 and ultimately, a rally towards the long-term target at 129.30 is expected.

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Torben Melsted,
Analytical expert of InstaSpot
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