EUR/USD: Elliott Wave Analysis and Forecast for 21.08.26–28.08.26

Major Takeaways Main scenario: Consider long positions from corrections above 1.1564 with a target of 1.1790–1.2088. A buy signal: the price holds above 1.1564. Stop Loss: below 1.1520, Take Profit: 1.1790–1.2088. Alternative scenario: Breakout and consolidation below 1.1564 will allow the pair to continue declining to the levels of 1.1346–1.1200. A sell signal: the level of 1.1564 is broken to the downside. Stop Loss: above 1.1610, Take Profit: 1.1346–1.1200.Main Scenari