FX.co ★ Elliott wave analysis of EUR/USD for November 29, 2023

There was no time for a second dip to just below 1.0898. EUR/USD moved directly above the neckline resistance at 1.0965 and thereby triggered the Shoulder/Head/Shoulder bottom for a continuation higher towards 1.1278 and 1.1469 as the S/H/S-bottom target.

We should expect resistance at 1.1054 being able to halt the advance temporarily for a re-test of the S/H/S-bottom neckline before moving higher again, but it's not a necessity.