16-05-2025 12:05 via litefinance.org

EUR/USD: Elliott Wave Analysis and Forecast for 16.05.25 – 23.05.25

Major Takeaways Main scenario: Consider long positions from corrections above the level of 1.1056 with a target of 1.1750 – 1.2050. A buy signal: the price holds above 1.1056. Stop Loss: below 1.1000, Take Profit: 1.1750 – 1.2050. Alternative scenario: Breakout and consolidation below the level of 1.1056 will allow the pair to continue declining to the levels of 1.0900 – 1.0735. A sell signal: the level of 1.1056 is broken to the downside. Stop Loss: above 1.1110, Take Profit:

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EUR/USD: Elliott Wave Analysis and Forecast for 16.05.25 – 23.05.25

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