EURUSD: Elliott wave analysis and forecast for 05.04.24 – 12.04.24

Main scenario: consider long positions from corrections above the level of 1.0723 with a target of 1.1141 – 1.1350.Alternative scenario: breakout and consolidation below the level of 1.0723 will allow the pair to continue declining to the levels of 1.0613 – 1.0514.Analysis: a bearish wave of larger degree A is presumably completed on the daily chart. A bullish wave B started unfolding, with first wave 1 of (A) of B and corrective second wave 2 of (A) of B formed as its parts. Apparen