EURUSD This analysis is based on the application of Elliott Wave principles for the EUR/USD market on a weekly timeframe.
💡 Wave Identification:
Corrective Cycle (ABC): After a peak marked by wave B, the market completed a 5-wave downward structure (waves 1 to 5), forming wave C, signaling a possible end of the correction.
Potential Reversal Zone (2/B): The current point is a strategic level where a bullish rebound is anticipated.
📊 Projection:
A bullish impulse is expected from point C. The initial target lies in the 1.1140 - 1.1217 zone, corresponding to key resistance levels and Fibonacci projections.
🧠 Conclusion:
A breakout above 1.0440 could confirm a significant bullish impulse, suggesting buyers are regaining control.
⚠️ Disclaimer: This analysis is not financial advice. Always conduct your own research before investing.
Trade active
EUR/USD 4H Analysis - Feb 13, 2025
The EUR/USD pair is currently showing a slight decline, closing at 1.04154, down by 0.18%. The pair has been trading within a range, with the high at 1.04398 and the low at 1.04099. Key levels to watch include the resistance at 1.04482 and support at 1.04154.
The market sentiment appears to be cautious, with potential for further downward movement if the support level is breached. Traders should monitor the 1.04000 psychological level, as a break below could signal a continuation of the bearish trend.
On the upside, a move above 1.04482 could indicate a shift towards bullish momentum, potentially targeting the 1.05000 level.
Key Levels
- Resistance: 1.04482, 1.05000
- Support: 1.04154, 1.04000
Strategy:
- Consider short positions if the price breaks below 1.04000 with a target towards 1.03000.
- Look for long opportunities if the price sustains above 1.04482, targeting 1.05000.
Always manage risk appropriately and consider broader market conditions before entering trades.
Note
Bearish Scenario:
If the price breaks below 1.03829, consider short positions with a target of 1.02186.
A further breakdown could test 1.01748.
Note
Wave 1: First breakout, starting the uptrend.
Wave 2: Pullback, forming a trendline.
Wave 3: Strong bullish move, longest wave.
Wave 4: Small correction before the next push.
Wave 5: Final leg up before a possible reversal.
Key levels:
📍 1.08980 – Resistance
📍 1.12016 – Strong resistance
After Wave 5, expect a possible ABC correction. Traders watch for trend continuation or reversal.
Note
🔍 Elliott Wave Breakdown
The chart shows a completed impulse wave (1) to (3) with clear subwaves i, ii, iii, iv, v.
Wave (4) is currently unfolding, likely forming a zigzag or flat correction.
A potential Wave (5) is projected to rally higher, aiming to exceed the previous high at 1.15741, possibly targeting the 1.22 area.
📐 Fibonacci Retracement Levels
Wave (4) retracement from the top of Wave (3) includes:
0.236 retracement at 1.12520
0.382 retracement at 1.10528
0.5 retracement at 1.08918
0.618 retracement at 1.07308
The "golden zone" (between 1.10528 and 1.08918) is a prime area to watch for a bullish reversal.
🔮 Projected Path
Price may range or dip into the highlighted yellow support zone before launching into Wave (5).
The bullish scenario remains valid as long as price holds above 1.07308.
The dotted path suggests a potential ABC correction within Wave (4) before the next upward impulse.
📌 Technical Notes
Triangles are seen in Waves 2 and 4 – typical of impulsive wave structures.
Wave (3) shows strong momentum, aligning with Elliott Wave principles (Wave 3 is usually the strongest).
Proper labeling of primary and subwaves indicates a well-structured Elliott Wave count.
Note
Note
───────────────────────────────────────────────
📊 EUR/USD | 4H | Elliott Wave Forecast
Source: TradingView (Trwin) — May 22, 2025
───────────────────────────────────────────────
[ Wave Structure ]
◉ Corrective A-B-C completed:
└─ A → Strong impulse down
└─ B → Contracting triangle
└─ C → Ending diagonal
◉ Impulse in play: Wave (5)
└─ i : Breakout from correction
└─ ii : Shallow retracement
└─ iii : Sharp rally (high momentum)
└─ iv : Sideways pause
└─ v : Final push up (ongoing)
[ Key Levels ]
┌────────────────────────────────────┐
│ Resistance: │
│ • 1.16556 (261.8% Fib ext) │
│ • 1.19194 (Wave (5) Target) ✅ │
│ │
│ │
│ │
└────────────────────────────────────┘
[ Market Bias ]
⚡ Trend: Strong Bullish
🎯 Long Target: 1.19194
🛡️ SL Invalidation: < 1.12000
🔄 Buy Zone: 1.12700 - 1.12910(retest)
[ Strategy Summary ]
The pair has confirmed an impulsive breakout post-correction.
Momentum is aligned with Wave (5) thesis. Pullbacks expected
to be shallow. Price is reaching overextended zones — monitor
for divergence.
───────────────────────────────────────────────
⚠️ Risk Disclaimer: Always confirm structure across multiple timeframes.
───────────────────────────────────────────────
Note
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.