EUR/USD: Elliott Wave Analysis and Forecast for 14.08.26 – 21.08.26

Major Takeaways Main scenario: Consider long positions from corrections above 1.1438 with a target of 1.1790–1.2088. A buy signal: the correction ends and the price settles above 1.1438. Stop Loss: below 1.1395, Take Profit: 1.1790–1.2088. Alternative scenario: Breakout and consolidation below the level of 1.1438 will allow the pair to continue declining to the levels of 1.1346–1.1200. A sell signal: the level of 1.1438 is broken to the downside. Stop Loss: above 1.1480, Take P