EURUSD: Elliott wave analysis and forecast for 02.08.24 – 09.08.24

Highlights and key points Main scenario: consider long positions from corrections above the level of 1.0662 with a growth target of 1.1141 – 1.1273. A buy signal: above the level of 1.0662. Stop Loss: below 1.0640, Take Profit: 1.1141 – 1.1273. Alternative scenario: breakout and consolidation below the level of 1.0662 will allow the pair to continue declining to the levels of 1.0515 – 1.0426. A sell signal: after the level of 1.0662 is broken to the downside. Stop Loss: above 1