EURUSD: Elliott wave analysis and forecast for 14.07.23 – 21.07.23

Main scenario: consider long positions from corrections above the level of 1.1093 with a target of 1.1480 – 1.1700.

Alternative scenario: breakout and consolidation below the level of 1.1093 will allow the pair to continue declining to the levels of 1.0975 – 1.0830.

Analysis: a bearish wave of larger degree A is presumably completed on the daily chart. A bullish wave B started unfolding, with the first counter-trend wave 1 of (A) of B formed as its part. A correction appears to have formed as the second wave 2 of (A) of B on the H4 chart, and the third… Read full author’s opinion and review in blog of #LiteFinance