EUR/USD: Elliott Wave Analysis and Forecast for 24.07.26–31.07.26

Major Takeaways Main scenario: Consider short positions from corrections below the level of 1.1436 with a target of 1.1124–1.0892. A sell signal: the price holds below 1.1436. Stop Loss: above 1.1480, Take Profit: 1.1124–1.0892. Alternative scenario: Breakout and consolidation above the level of 1.1436 will allow the pair to continue rising to the levels of 1.1790–1.2088. A buy signal: the level of 1.1436 is broken to the upside. Stop Loss: below 1.1390, Take Profit: 1.1790&nda