EUR/USD Elliott Wave Forecast: Preparing for Wave 5 RallyIn the daily timeframe of EUR/USD, the third wave of the larger Elliott Wave structure appears to have been completed. Within this third wave, we can also observe that the subwave 3 of wave 3 has concluded, and currently, Wave 4 is unfolding.
Wave 4 is presently developing and is likely to retrace toward the 1.10683 level or potentially form a supportive close above it. This zone corresponds to both the subwave 4 of Wave 3 and the main Wave 4 correction, which indicates a critical area of confluence and potential completion of the corrective structure.
Once Wave 4 is confirmed to be complete near this region, the chart suggests that we may enter the beginning of Wave 5, providing a favorable long trade opportunity.
Entry Trigger: Sustained price above 1.10719
First Target: 1.12900
Second Target: 1.13837
Stop-Loss: 1.09518 (below the corrective Wave 4 low to protect the setup)
EURUSD trade ideas
EURUSD: Growth & Bullish Forecast
The analysis of the EURUSD chart clearly shows us that the pair is finally about to go up due to the rising pressure from the buyers.
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EURUSD Buy to High and reversal SellsPrice is currently close to a BB POI. When price tags our POI, the buy activates which we believe to take price to the previous high of 1.1570. A failure to break the previous high gives us an opportunity to sell from the OB POI via Quasimodo reversals at 1.14863.
EUR/USD Trade Idea – Bearish Setup Based on Dow TheoryBased on Dow Theory, EUR/USD is consistently forming Lower Highs (LH) and Lower Lows (LL) — a classic indication of a bearish trend.
We are placing a Sell Stop order just below the recent low. If the trend continues and a new LL is formed, it confirms further downside, and we will execute two separate trades — each with a distinct risk-reward strategy.
🔹 Trade Setup Details:
Pair: EUR/USD
Trend: Bearish
Entry (Sell Stop): 1.11910
Stop Loss (SL): 1.12975
Take Profit 1 (TP1): 1.10845 (Trade 1: 1:1 RR)
Take Profit 2 (TP2): 1.09978 (Trade 2: 1:2 RR)
Lot Size: 0.09 ( For both Trades)
Risk Per Trade: $100 ( Total $200 for both Trades)
Reward Potential: Up to $300 ( Trade 1: $100 and Trade 2: $200)
📌 Trade Strategy:
We are executing two separate trades:
Trade 1: Targeting a 1:1 risk-reward ratio – a more conservative position.
Trade 2: Targeting a 1:2 risk-reward ratio – aiming for greater profit if the trend extends.
This dual-trade strategy allows us to lock in partial profits early while still having exposure to larger potential gains.
✅ Bearish Structure Confirmed
✅ Two Trade Plans
✅ Defined Risk and Reward
✅ Dow Theory-Aligned Setup
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EURUSD Is Ready to Break Resistance LinesEURUSD ( FX:EURUSD ) is trying to break the Resistance lines , it has tried several times in the past few days but failed. Will EURUSD succeed this time?
In terms of Elliott wave theory , it seems that EURUSD has completed the main wave 4 near the Support zone($1.1300-$1.1160) and Support line , and we should wait for impulsive waves . Breaking the Resistance zone($1.1480-$1.1420) can confirm the end of the main wave 4 . Otherwise , the main wave 4 can have other forms.
I expect EURUSD to break the Resistance lines in this attack and rise to at least $1.1384 , and the next target can be around $1.1437 .
Note: If EURUSD can break below $1.1272(the worst Stop Loss(SL)), we can expect more dumps.
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Euro/U.S. Dollar Analyze (EURUSD), 1-hour time frame.
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EURUSD InsightWelcome, dear subscribers.
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Key Points
- U.S. Treasury Secretary Scott Bessent stated during a congressional hearing that "as early as this week, trade agreements with some of our largest trading partners may be announced."
- President Trump mentioned that "a product-specific tariff announcement on pharmaceuticals will be made within the next two weeks."
- On May 7, the Federal Reserve will announce the results of its FOMC meeting. While the market largely expects a rate hold, attention is focused on whether Fed Chair Jerome Powell will shift his stance.
Key Economic Events This Week
+ May 7: FOMC meeting results announcement
+ May 8: Bank of England interest rate decision
EURUSD Chart Analysis
The pair is experiencing a pullback after encountering resistance at recent highs, with a temporary rebound following a recent decline. Based on the medium-to-short-term trend, further pullbacks are expected. In that case, a bottom is likely to form around the 1.11000 level. However, if the price breaks above the 1.14000 level, it may attempt to break through the resistance at the high again, so this resistance level deserves close attention.
EURUSD H4 I Bearish Reversal Based on the H4 chart, the price is approaching our sell entry level at 1.1339, a pullback resistance.
Our take profit is set at 1.1142, a pullback support that aligns close to the 61.8% Fibo retracement.
The stop loss is set at 1.1475, a pullback resistance.
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EUR/USD | Bearish Retest Before Continuation Drop? (1H & 4H ConfPrice is currently retesting a previous supply zone after breaking structure to the downside.
We have a rising wedge formation on the 1H chart, paired with clear bearish market structure on the 4H.
If this zone (1.12800–1.13188) holds, we may see continuation downwards
This setup aligns with smart money concepts — letting price pull back into premium zones before the next impulsive leg.
Bearish reversal?The Fiber (EUR/USD) is rising towards the pivot and could reverse to the 1st support.
Pivot: 1.1338
1st Support: 1.1274
1st Resistance: 1.1376
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EURUSD Will Explode! BUY!
My dear friends,
Please, find my technical outlook for EURUSD below:
The instrument tests an important psychological level 1.1278
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.1344
Recommended Stop Loss - 1.1236
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
EURUSD – Quiet but Building for a Break?Unlike the wild volatility in Gold, EURUSD has been relatively calm over the past two weeks.
After a sharp spike above 1.1500, reaching a high near 1.1570, the pair corrected and settled into a tight consolidation, fluctuating within just 1%.
Current Setup:
• Price recently reversed from the 1.1280 support and is now pushing towards the 1.1420 resistance.
• Bulls can watch for a breakout above this resistance, which could open the door for a retest of the 1.1570 high.
• As long as 1.1280 holds, the strategy is to buy the dips.
For now, the range is tight, but a breakout could offer some opportunities.
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EUR/USD: Current Trend Analysis & Trading AdviceThe EUR/USD pair remains confined to familiar levels, lacking directional momentum, yet with a well - limited bearish potential. In the daily chart, the pair seesaws around a bullish 20 Simple Moving Average (SMA), showing sellers and buyers are battling for direction. At the same time, the Momentum indicator turned marginally lower at around its 100 line, while the Relative Strength Index (RSI) indicator heads nowhere at around 58, in line with the limited intraday movements.
In the near - term and according to the 4 - hour chart, the EUR/USD pair is neutral. A flat 100 SMA provides resistance at around 1.1370, while the 20 and 200 SMAs remain below the current level with no clear directional strength. At the same time, technical indicators stand pat just above their midlines, in line with the ongoing range - trading.
EUR/USD
sell@1.1350-1.1360
tp:1.1320-1.1280
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EURUSD: Bullish trend intact unless this pattern breaks.EURUSD remains marginally bullish on its 1D technical outlook (RSI = 56.708, MACD = 0.008, ADX = 33.048) as in spite of correction of the last 2 weeks, the Bullish Megaphone remains intact with the price almost on its bottom. This maintains the bullish trend for at least another +7.80% bullish wave (TP = 1.21450). If the Megaphone breaks, the pattern and thus the trade are negated, and the trend turns bearish aiming at the 1D MA50, so the risk of going long now is very low.
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EURUSD 6/5/25This week, the Euro remains bearish, and we’re expecting price action to target and run the lows we’ve already identified.
One important principle we’ve repeatedly shared with our Members is this: when we hold a bearish bias, we should not expect price to return to our ideal sell zones. Instead, we should anticipate that price will move toward our projected downside targets.
If we’re fortunate enough to get a pullback into our preferred sell zones, we’ll welcome it with open arms. However, focusing too much on where you want to sell from creates the wrong mindset. It leads you to expect a pullback — a counter-directional move — even while holding a bearish bias. That approach is backwards.
Stay grounded in the principle: we expect price to reach the downside targets. If a pullback occurs, we’ll act accordingly. We've maintained a bearish outlook for some time, and recent price action has confirmed that with a significant sell-off. We expect this momentum to continue.
Orion has signalled that price should come lower, and we will continue to follow that direction. As always, stick to your risk parameters, follow your rule set, and let Orion lead the way.
The Day Ahead Friday May 9
Data: China April trade balance, Q1 BoP current account balance, Japan March labor cash earnings, household spending, leading index, coincident index, Italy March industrial production, Canada April jobs report, Norway April CPI
Central banks: Fed's Williams, Waller, Kugler, Goolsbee and Barr speak, ECB's Simkus and Rehn speak, BoE's Bailey and Pill speak
Earnings: Mitsubishi Heavy Industries, Recruit Holdings, Commerzbank, Cellnex
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EUR/USD at Critical Resistance – Bearish Reversal Ahead? The EUR/USD pair is currently trading at 1.12468, showing signs of hesitation near a major supply zone identified between 1.12400 – 1.14000, a level that has historically acted as strong resistance.
Key Technical Observations (4H Chart):
Supply Zone (1.12400 – 1.14000): Price reacted strongly here in the past, and we're seeing another potential reversal setup as sellers begin to step in.
Bearish Divergence on recent highs (check RSI/MACD) confirms weakening bullish momentum.
Double Top Formation forming just below 1.14000, a classic reversal pattern.
Break Below 1.12000 could trigger a sell-off toward 1.09000, with further downside to 1.04000 if macro sentiment aligns.
Demand Zone remains solid around 1.03400 – 1.04000, where buyers previously pushed the pair higher.
Fundamental Catalysts to Watch:
Upcoming ECB & FOMC statements (see icons marked on the chart).
US Jobs Data & CPI releases may heavily influence USD strength.
Geopolitical tensions and Eurozone economic projections also playing a role in sentiment.
My Trading Plan:
Watching for bearish confirmation (e.g., 4H bearish engulfing candle) below 1.12400.
Short Entry Zone: 1.12200 – 1.12400
Target 1: 1.09000
Target 2: 1.04000
SL: Above 1.14000 zone (tight risk management).
Conclusion:
This could be a high-risk reversal zone with great R:R setup if confirmed. Always wait for price action confirmation and watch for news catalysts!
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