Elliott Wave Analysis: EUR/USD Forecast for 2024

Jun 21

EURUSD

Current Market Prediction
- (A) to (B): Indicates the first part of the corrective phase.
- (C): Predicts the next impulse wave.
- The chart suggests that after completing the E wave, there is an expectation of a strong upward movement labeled as (C), with potential price targets at Fibonacci levels (1.24107, 1.28804, 1.34858).

Fibonacci Levels
- 1 (1.24107): The first Fibonacci level, often representing a significant retracement point.
- 1.27 (1.28804): The 127% extension level.
- 1.618 (1.34858): The 161.8% extension level, a common target in Elliott Wave analysis.

This analysis suggests a bullish outlook for EUR/USD as it completes its corrective phase and prepares for the next impulse wave.

Not Financial Advice

Jun 21

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💰 BUY EURUSD 1.06500-1.06600
🔻SL 1.04834
🎯TP1 1.08654
🎯TP2 1.10330
🎯TP3 1.10956
🎯TP4 1.11396
🎯TP5 1.23907 which aligns with the projected bullish wave completion (C).100% for first scénario can go also fib 161.80% 1.3400

Jun 26

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