EURUSD: Elliott wave analysis and forecast for 15.03.24 – 22.03.24

Main scenario: consider long positions from corrections above the level of 1.0794 with a target of 1.1141 – 1.1350.Alternative scenario: breakout and consolidation below the level of 1.0794 will allow the pair to continue declining to the levels of 1.0688 – 1.0613.Analysis: a bearish wave of larger degree A is presumably completed on the daily chart. A bullish wave B started unfolding, with the first wave 1 of (A) of B and the corrective second wave 2 of (A) of B formed as its part.