EURUSD: Elliott wave analysis and forecast for 16.02.24 – 23.02.24

Main scenario: consider long positions from corrections above the level of 1.0689 with a target of 1.1141 – 1.1274.Alternative scenario: breakout and consolidation below the level of 1.0689 will allow the pair to continue declining to the levels of 1.0615 – 1.0446.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 a corrective second wave 2 of (A) of B formed as its part. Ap