Major Key Points to Consider
- Primary Scenario (Bearish) : Consider & hold short positions from corrections below the level of 1.172259 with a target of 1.13176 – 1.12285. A sell signal: the price holds below 1.16345. Stop Loss: above 1.16345, Take Profit: 1.13255 – 1.23000.
- Alternative Scenario (Bullish): Breakout and consolidation above the level of 1.16675 will allow the pair to continue rising to the levels of 1.17270 – 1.17570. A buy signal: the level of 1.15926 is broken to the upside. Stop Loss: below 1.16675, Take Profit: 1.17270 – 1.17570
Technical Indicators
Trend: Short-term Uptrend within a long-term Downtrend
Support Levels: 1.14155 – 1.13721
Resistance Levels: 1.16490 – 1.16685
Momentum: Neutral to Bearish on daily timeframe
Elliott Wave Analysis
On A Weekly Chart : On the Weekly Chart of EUR/USD the larger degree wave (C) is still Developing. Within This Larger wave (C), Large Wave (1) and (2) Has Been Completed and Wave (3) is in process of developing .
On A Daily Chart : Within The large wave 3, the Smaller wave 1 has been completed and wave 2 is in process to develop. Within This Wave 2 Correction Leg A and B has been completed on Jul’2025 and Sep’2025 respectively. Now the final Leg C is still developing and continuing…
On A 4-Hours Chart : The Leg C of Wave 2 is developing on 4-Hour Chart of EUR/USD from Sep’2025 in form of a Downward Impulse towards the ending of Wave 2 of large Degree. Within this downward Impulse, the Impulse (i) has been Completed and Correction wave (ii) Seems to Completed and Now the wave (iii) is unfolding of Leg C.
If this Presumption is correct then EUR/USD may continue to Decline to the Price levels of 1.13176 – 1.12285.
EUR/USD : Current Rate in the Market
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This forecast is based on the Elliott Wave Theory. When developing trading strategies, it is essential to consider fundamental factors, as the market situation can change at any time.
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