EUR/USD: Elliott Wave Analysis and Forecast for 05.06.26–12.06.26

Major Takeaways Main scenario: Consider short positions from corrections below the level of 1.1685 with a target of 1.1407–1.1124. A sell signal: the price holds below 1.1685. Stop Loss: above 1.1725, Take Profit: 1.1407–1.1124. Alternative scenario: Breakout and consolidation above the level of 1.1685 will allow the pair to continue rising to the levels of 1.1848–1.2088. A buy signal: the level of 1.1685 is broken to the upside. Stop Loss: below 1.1645, Take Profit: 1.1848&nda