EURUSD: Elliott wave analysis and forecast for 09.08.24 – 16.08.24

Highlights and key points Main scenario: consider long positions from corrections above the level of 1.0771 with a growth target of 1.1141 – 1.1273. A buy signal: after the price returns above 1.0771. Stop Loss: below 1.0740, Take Profit: 1.1141 – 1.1273. Alternative scenario: breakout and consolidation below the level of 1.0771 will allow the pair to continue declining to the levels of 1.066 – 1.0515. A sell signal: after the level of 1.0771 is broken to the downside. Stop Los