EUR/USD: Elliott Wave Analysis and Forecast for 09.01.26 – 16.01.26
Major Takeaways Main scenario: Consider short positions from corrections below the level of 1.1808 with a target of 1.1254 – 1.1093. A sell signal: the price holds below 1.1808. Stop Loss: above 1.1808, Take Profit: 1.1254 – 1.1093. Alternative scenario: Breakout and consolidation above the level of 1.1808 will allow the pair to continue rising to the levels of 1.2100 – 1.2500. A buy signal: the level of 1.1808 is broken to the upside. Stop Loss: below 1.1808, Take Profit: 1.21