EURUSD Forecast

EUR/USD remains in a clear bearish trend on the 4-hour chart, trading near 1.1252 after reaching a recent low at 1.12151. The Elliott Wave count indicates that the decline from the previous wave ii high has developed as a five-wave impulsive sequence, labeled (i)-(ii)-(iii)-(iv)-(v). The completion of wave (v) at 1.12151 also appears to complete the larger-degree wave iii, shifting the short-term focus from bearish continuation to a corrective recovery.

EUR/USD Elliott Wave Analysis: Wave iv Correction in Development

With wave iii complete, EUR/USD appears to be developing wave iv, a corrective phase against the dominant downtrend. The first rebound from 1.12151 is labeled wave (a), while the current pullback is expected to form wave (b). If this structure holds, a subsequent wave (c) advance should complete the larger wave iv correction, with the chart projecting recovery toward approximately 1.1340–1.1350.

The important distinction is that the current rise is corrective rather than a confirmed bullish reversal. Once the expected (a)-(b)-(c) structure of wave iv is complete, the larger Elliott Wave sequence favors renewed selling pressure through wave v, with potential for a break below 1.12151 and fresh lows.

Primary outlook: short-term corrective recovery within a broader bearish Elliott Wave structure.

Market guide

About EURUSD forecast

EURUSD, also known as the Euro to US Dollar currency pair, is the most widely traded currency pair in the forex market. It represents the value of the Euro against the US Dollar and is closely followed by traders, investors, financial institutions, and market analysts worldwide.

EURUSD Forecast and Analysis

Our EURUSD Forecast provides updated market analysis focused on the potential direction of the Euro against the US Dollar. Our analysis covers different timeframes and may include market trends, support and resistance levels, price structure, and potential bullish or bearish scenarios.

At Elliott Wave Monitor, we use Elliott Wave analysis together with technical analysis to study the structure of the EURUSD market and identify potential price movements. Each analysis is based on the latest available price action and market structure.

What Affects EURUSD?

The EURUSD exchange rate is influenced by a range of economic and financial factors, including interest rates, monetary policy, economic data, inflation, employment, economic growth, and global market conditions.

The monetary policies of the European Central Bank (ECB) and the US Federal Reserve (Fed) are particularly important. Changes in interest rates and expectations for future monetary policy can influence demand for the Euro and US Dollar and, consequently, the EURUSD exchange rate.

Economic developments in the Euro Area and the United States can also have a significant impact on EURUSD. Key indicators include inflation, GDP, employment data, consumer spending, and industrial activity.

EURUSD Technical Analysis

EURUSD Technical Analysis can help traders study important price levels and market structures. Our analysis may include support and resistance levels, trend direction, Elliott Wave counts, potential reversal areas, and different market scenarios.

As market conditions change, technical scenarios can also develop or become invalidated as new price information becomes available. For this reason, our latest EURUSD analysis is regularly updated on this page.

Latest EURUSD Forecast

This page brings together the latest EURUSD Forecast and EURUSD Analysis from Elliott Wave Monitor. New analysis posts are published regularly, allowing readers to follow the Euro against the US Dollar across different market conditions and timeframes.

Whether you are looking for an EURUSD forecast, EURUSD technical analysis, Euro Dollar analysis, or Elliott Wave analysis, this page provides a central place to follow our latest market updates and potential trading scenarios.