EUR/USD: Elliott Wave Analysis and Forecast for 24.01.25 – 31.01.25

Major Takeaways Main scenario: Consider long positions from corrections above the level of 1.0180 with a target of 1.0635 – 1.0940. A buy signal: the price holds above 1.0180. Stop Loss: below 1.0140, Take Profit: 1.0635 – 1.0940. Alternative scenario: Breakout and consolidation below the level of 1.0180 will allow the pair to continue declining to the levels of 0.9950 – 0.9526. A sell signal: the level of 1.0180 is broken to the downside. Stop Loss: above 1.0220, Take Profit: