Elliott Forecast - Elliott Wave Analysis: EURUSD 5-Wave Rally Confirms Bullish Trend

Report

Elliott Forecast

Elliott Wave Analysis: EURUSD 5-Wave Rally Confirms Bullish Trend

The short-term Elliott Wave analysis for EURUSD indicates that the correction from the April 21, 2025, high has concluded with wave (4) at 1.1059. From the wave (3) peak, the decline unfolded as follows: wave W ended at 1.1265, wave X at 1.1381, and wave Y, structured as a zigzag, completed at 1.1059. Within wave Y, wave ((a)) reached 1.1196 and wave ((b)) hit 1.1292. Wave ((c)) lower concluded at 1.106, finalizing wave Y of (4). The pair has since turned upward in wave (5).

From the wave (4) low, the rally in wave ((i)) is developing as a five-wave diagonal pattern. Wave (i) peaked at 1.1265, followed by a pullback in wave (ii) to 1.1128. Then wave (iii) advanced to 1.1288, and wave (iv) retraced to 1.1215. Wave (v) is expected to conclude soon, completing wave ((i)) in a higher degree. Subsequently, a pullback in wave ((ii)) should correct the cycle from the May 13, 2025, low before the pair resumes its upward trend. As long as the 1.106 pivot low holds, any near-term pullback is likely to attract buyers in a 3, 7, or 11-swing pattern, supporting further upside.

EURUSD 60-Minute Elliott Wave Technical Chart

EURUSD Elliott Wave Technical Video
/20Y5Nv6pFgE

Source:-forecast.com/news/elliott-wave-analysis-eurusd-5-wave-rally-confirms-bullish-trend/

21/05/2025 1 EN

Provider

Elliott Forecast

Elliottwave-Forecast.com (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to thousands of clients. ElliottWave-Forecast has built a reputation on accurate technical analysis and a winning attitude. By successfully incorporating the Elliott Wave Theory with Market Correlation, Cycles, Proprietary Pivot System, we provide precise forecasts with up-to-date analysis for 52 instruments including FX majors, Gold, Silver, Copper, Oil, TNX and major Equity Indices. Our clients also have immediate access to our proprietary Actionable Trade Setups, Market Overview, 1 Hour, 4 Hour, Daily & Weekly Wave Counts. Weekend Webinar, Live Screen Sharing Sessions, Daily Technical Videos, Educational Resources, and 24 Hour chat room where they are provided live updates and given answers to their questions.

See profile

Other Reports from Elliott Forecast

Elliott Wave Analysis: Dollar Index (DXY) Completes Correction, Resumes Downtrend

The short-term Elliott Wave analysis for the Dollar Index (DXY) indicates that the cycle from the January 13, 2025 high is unfolding as an impulse pattern, characterized by a five-wave structure moving in the direction of the larger trend. The decline from the January 13, 2025 high began with wave (1), which concluded at 106.96. This was followed by a corrective rally in wave (2), peaking at 109.88. The Index then resumed its downward trajectory in wave (3), reaching 97.92, before a corrective wave (4) rally ended at 101.99, as illustrated in the 1-hour chart below. Currently, wave (5) is i...

May 30, 2025 May 30, 2025 1 EN

EURUSD Elliott Wave : Forecasting the Rally From the Equal Legs Area

Hello fellow traders. In this technical article we’re going to look at the Elliott Wave charts of EURUSD forex pair published in members area of the website. As our members know, we are long in the pair, as explained in our previous technical article . The pair has recently given us pull back against the 1.10625 low and found the buyers precisely at the equal legs area as we expected. In the following text, we’ll explain the Elliott Wave analysis and present target areas. EURUSD Elliott Wave 1 Hour Chart 05.28.2025 EURUSD is currently forming a three-wave pullback against the 1.10625...

May 30, 2025 May 30, 2025 3 EN

AUDJPY Finds Intraday Sellers at Equal Legs Area

Hello fellow traders. In this technical article we’re going to look at the Elliott Wave charts of AUDJPY forex pair published in members area of the website. The pair has recently given us a 3 waves bounce that completed precisely at the equal legs area as we expected. In the following text, we’ll explain the Elliott Wave analysis and present target areas. AUDJPY Elliott Wave 1 Hour Chart 05.28.2025 EURUSD is currently forming a three-wave pullback against the95.63 peak, unfolding as a Zig Zag pattern — (a)-(b)-(c). Our members are aware that we get the potential reversal area by m...

May 30, 2025 May 30, 2025 2 EN

Sign-up for free to access full reports immediately

Email Address*

Choose Password* ( 6 or more characters )

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Select your country*

Get financial insights straight to your inbox

By clicking "register" you accept the Terms and Conditions & Privacy Policy

Already on ResearchPool?

Almost there...

Are you a professional investor?

Select your country

REGISTER

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

In order to access this report please create an account.

LOGIN

Elliott Wave Analysis: EURUSD 5-Wave Rally Confirms Bullish Trend

Elliott Wave Analysis: Dollar Index (DXY) Completes Correction, Resumes Downtrend

EURUSD Elliott Wave : Forecasting the Rally From the Equal Legs Area

AUDJPY Finds Intraday Sellers at Equal Legs Area

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

Sign-up for free to access full reports immediately

ResearchPool Subscriptions

Get the most out of your insights

Why subscribe?

How to subscribe

ResearchPool Subscriptions

This report is only available to subscribers

Why subscribe?

How to subscribe