EUR/USD Elliott Wave Analysis
EUR/USD is the most traded currency pair in the world, representing the two largest economies. It accounts for roughly 24% of all daily forex volume, making it highly liquid with tight spreads.
EUR/USD tends to form clean impulse waves on higher timeframes due to high liquidity. Wave 3 extensions to 161.8% are common on the daily chart. Corrective structures often take the form of zigzags or complex corrections (WXY), particularly during periods of central bank indecision.
Watch for confluences at psychological levels (1.0500, 1.1000, 1.1500) where institutional orders cluster. The 200-week moving average often aligns with major Fibonacci retracement levels.
EUR/USD respects Elliott Wave structures exceptionally well on the 4-hour and daily timeframes. Focus on Wave 3 entries after confirmed Wave 2 retracements to the 61.8% level.
H4 Wave Count
4-hour timeframe for precise entry timing
Daily Wave Count
Primary trading timeframe structure
Weekly Wave Count
Macro context and trend direction
Fibonacci Targets
Precise price targets from wave structure
Invalidation Levels
Exact price where the count is wrong
Alternative Scenario
What happens if the primary count fails
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