Major Key Points to Consider
- Primary Scenario (Bearish) : Consider short positions from corrections below the level of 1.166685 with a target of 1.13176 – 1.12285. A sell signal: the price holds below 1.15900. Stop Loss: above 1.15926, Take Profit: 1.13255 – 1.23000.
- Alternative Scenario (Bullish): Breakout and consolidation above the level of 1.15926 will allow the pair to continue rising to the levels of 1.1650 – 1.1667. A buy signal: the level of 1.15926 is broken to the upside. Stop Loss: below 1.15450, Take Profit: 1.1650 – 1.1667
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 . Within this larger wave wave (3), the smaller wave 1 has been completed and now the price is moving in wave 2.
On A Daily Chart : Within The large wave 2, the smaller wave ((a)) and ((b) has been formed and now the price is moving in wave ((c)) of large wave 2.
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) and Correction (ii) has been Completed and Now Price is moving in Downward Impulse (iii) of Leg C. Within the downward impulse of (iii) the smaller degree of downward Impulse (i) and correction (ii) has been completed and now the price is moving in wave (iii) of wave ((c)) of large wave 2.
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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