EURUSD: Elliott wave analysis and forecast for 08.04.2022 – 15.04.2022

Main scenario: consider long positions from corrections above the level of 1.0806 with a target of 1.1487 – 1.1690.

Alternative scenario: breakout and consolidation below the level of 1.0806 will allow the pair to continue declining to the levels of 1.0628 – 1.0450.

Analysis: Daily chart: the first wave of larger degree 1 of (3) is formed, and a downside correction appears to have formed as wave 2 of (3). Apparently, the third wave 3 of (3) has started developing on the H4 chart. The first wave of smaller degree (i) of i of 3 has formed on the H1… Read full author’s opinion and review in blog of #LiteFinance