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The short-term Elliott Wave outlook from the August 1, 2025 low projects an ongoing five-wave impulse structure. From that low, wave 1 peaked at 1.173, followed by a wave 2 pullback that concluded at 1.157. The internal structure of wave 2 developed as an Expanded Flat Elliott Wave pattern.
The short-term Elliott Wave outlook from the August 1, 2025 low projects an ongoing five-wave impulse structure. From that low, wave 1 peaked at 1.173, followed by a wave 2 pullback that concluded at 1.
157. The internal structure of wave 2 developed as an Expanded Flat Elliott Wave pattern. After wave 1, wave dropped to 1.1628, and a subsequent wave rally reached 1.1716. Wave then declined to 1.1579, completing wave ) in a higher degree.The rally in wave ) topped at 1.174 before the pair turned downward in wave ), unfolding as a five-wave impulse. From wave ), wave fell to 1.1682, and wave rose to 1.1709. Wave declined to 1.16, followed by a wave rally to 1.1665. Wave then completed at 1.157, finalizing wave ) of wave 2. The pair has now turned upward in wave 3 but requires a break above wave 1 at 1.173 to eliminate the possibility of a double correction. From wave 2, wave ) reached 1.1697. A wave ) pullback should find support in a 3, 7, or 11 swing, supporting further upside as long as the pivot at 1.157 holds. This analysis suggests cautious optimism for continued upward momentum.EUR/USD – 60 minute Elliott Wave technical chartEUR/USD – Elliott Wave technical
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