EUR/USD Elliott Wave outlook: Impulsive rally back in play [Video]
|EURUSD has resumed its advance within an impulsive Elliott Wave structure, reinforcing the bullish outlook. The cycle from the November 5, 2025 low is unfolding as a clear five‑wave sequence. Wave 1 concluded at 1.1808, establishing the initial leg of the rally. The subsequent pullback in wave 2 developed as a double three corrective formation, reflecting typical Elliott Wave behavior in consolidations.
From the peak of wave 1, wave ((w)) ended at 1.1659, followed by a corrective rally in wave ((x)) that terminated at 1.1742. The final leg of the correction, wave ((y)), pushed lower and ended at 1.1575. This completed wave 2 at a higher degree and set the stage for renewed upside momentum. Since then, the pair has resumed higher in wave 3, confirming the impulsive structure.
Advancing from wave 2, wave ((i)) ended at 1.1768, while the subsequent dip in wave ((ii)) found support at 1.167. Current price action suggests that wave ((iii)) is approaching completion. Once it concludes, a pullback in wave ((iv)) should follow before the pair continues higher in wave ((v)). In the near term, as long as the pivot at 1.1575 remains intact, dips are expected to find support. These retracements should unfold in 3, 7, or 11 swings, providing opportunities for further upside continuation within the broader impulsive cycle.
EUR/USD 60 minute chart
EUR/USD Elliott Wave [Video]
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.