EUR/USD: Elliott Wave Analysis and Forecast for 02.10.26–09.10.26

Major Takeaways Main scenario: Consider short positions from corrections below the level of 1.1378 with a target of 1.1120–1.0895. A sell signal: the local correction ends and the price holds below 1.1378. Stop Loss: above 1.1425, Take Profit: 1.1120–1.0895. Alternative scenario: Breakout and consolidation above the level of 1.1378 will allow the pair to continue rising to the levels of 1.1566–1.1790. A buy signal: the level of 1.1378 is broken to the upside. Stop Loss: below 1