EUR/USD: Elliott Wave Analysis and Forecast for 30.01.26–06.02.26

Major Takeaways Main scenario: Consider long positions from corrections above the level of 1.1575 with a target of 1.2400–1.2750. A buy signal: the price holds above 1.1575. Stop Loss: below 1.1575, Take Profit: 1.2400–1.2750. Alternative scenario: Breakout and consolidation below the level of 1.1575 will allow the asset to continue declining to the levels of 1.1254–1.1040. A sell signal: the level of 1.1575 is broken to the downside. Stop Loss: above 1.1575, Take Profit: 1.125