EUR/USD: Elliott wave analysis and forecast for 05.07.24 – 12.07.24

Key takeaways Main scenario: consider long positions from a correction above the level of 1.0665 with a target of 1.0977 – 1.1141. A buy signal: after the level of 1.0665 is broken. Stop Loss: 1.0612, Take Profit: 1.1141. Alternative scenario: breakout and consolidation below the level of 1.0665 will allow the pair to continue declining to the levels of 1.0450 – 1.0217. A sell signal: after the level of 1.0665 is broken. Stop Loss: 1.0720, Take Profit: 1.0217.Main scenarioConsider lo