EURUSD: Elliott wave analysis and forecast for 10.05.24 – 17.05.24

Main scenario: consider long positions from corrections above the level of 1.0648 with a target of 1.1141 – 1.1350.Alternative scenario: breakout and consolidation below the level of 1.0648 will allow the pair to continue declining to the levels of 1.0447 – 1.0218.Analysis: an ascending wave B is presumably developing on the daily chart, with first wave 1 of (A) of B and corrective second wave 2 of (A) of B formed within. Apparently, the third wave 3 of (A) of B is developing on the