EUR/USD: Elliott wave analysis and forecast for 04.10.24 – 11.10.24

Highlights and key points Main scenario: consider long positions from corrections above the level of 1.0773 with a target of 1.1400 – 1.1600. A buy signal: if the price holds above 1.0773. Stop Loss: below 1.0700, Take Profit: 1.1400 – 1.1600. Alternative scenario: breakout and consolidation below the level of 1.0773 will allow the pair to continue declining to the levels of 1.0594 – 1.0440. A sell signal: once the level of 1.0773 is broken to the downside. Stop Loss: above 1.0