Elliott wave analysis of EUR/USD for October 27, 2023

After a minor correction from 1.0695, EUR/USD is ready for the next push higher towards at least 1.0805 and most likely above here too. In the long term, we are looking for EUR/USD to move towards 1.2085 as the next major upside target as wave 3 gathers strength.

Support remains seen near 1.0521 for the next push above 1.0695.

Analysis are provided by InstaForex

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