19-04-2024 12:00 via litefinance.org

EURUSD: Elliott wave analysis and forecast for 19.04.24 – 26.04.24

Main scenario: consider long positions from corrections above the level of 1.0600 with a target of 1.1141 – 1.1350.Alternative scenario: breakout and consolidation below the level of 1.0600 will allow the pair to continue declining to the levels of 1.0437 – 1.0218.Analysis: a bearish wave of larger degree A is presumably completed on the daily chart. A bullish wave B started unfolding, with first wave 1 of (A) of B and corrective second wave 2 of (A) of B formed within. Apparently, t
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