EURUSD: Elliott wave analysis and forecast for 22.09.23 – 29.09.23

Main scenario: consider short positions from corrections below the level of 1.0943 with a target of  1.0450 – 1.0256.

Alternative scenario: breakout and consolidation above the level of 1.0943 will allow the pair to continue rising to the levels of 1.1019 – 1.1113.

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 downside correction appears to be forming as the second wave 2 of (A) of B on the H4 chart, with wave… Read full author’s opinion and review in blog of #LiteFinance