EUR/USD: Elliott wave analysis and forecast for 18.10.24 – 25.10.24

Highlights and key points Main scenario: consider short positions from corrections below the level of 1.1003 with a target of 1.0605 – 1.0400. A sell signal: if the price holds below 1.1003. Stop Loss: above 1.0050, Take Profit: 1.0605 – 1.0400. Alternative scenario: breakout and consolidation above the level of 1.1003 will allow the pair to continue rising to the levels of 1.1208 – 1.1400. A buy signal: once the level of 1.1003 is broken to the upside. Stop Loss: below 0.9950,