EURUSD: Elliott wave analysis and forecast for 15.12.23 – 22.12.23

Main scenario: consider long positions from corrections above the level of 1.0716 with a target of 1.1152 – 1.1274.

Alternative scenario: breakout and consolidation below the level of 1.0716 will allow the pair to continue declining to the levels of 1.0515 – 1.0255.

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 and a corrective second wave 2 of (A) of B formed as its part. The third wave 3 of (A) of B appears to have started… Read full author’s opinion and review in blog of #LiteFinance