EURUSD: Elliott wave analysis and forecast for 28.06.24 – 05.07.24

Main scenario: consider long positions from corrections above the level of 1.0612 with a target of 1.0978 – 1.1141.Alternative scenario: breakout and consolidation below the level of 1.0612 will allow the pair to continue declining to the levels of 1.0450 – 1.0217.Analysis: an ascending wave B is presumably developing on the daily chart, with the first wave 1 of (A) of B and the corrective second wave 2 of (A) of B formed as its parts. Apparently, the third wave 3 of (A) of B is deve