EUR/USD has gained approximately 6.5% since our buy entry in May

As our members know we have had many profitable trading setups recently. In this technical article, we are going to talk about another Elliott Wave trading setup we got in EURUSD . The forex pair has gained approximately 6.5%  since we bought it in May. EURUSD has completed its correction exactly at the Equal Legs zone, also known as the Blue Box Area. In this article, we’ll break down the Elliott Wave Forecast and explain the trading setup in detail.

EUR/USD Elliott Wave four-hour chart 05.10.2025

EURUSD continues to show a lower-low sequence from the recent high. So far, we can identify five swings, which points to an incomplete corrective structure. Price action indicates a WXY double three pattern is in progress.The correction hasn’t finished yet, and we expect one more leg down toward the 1.10725 – 1.08788 (buying zone), where we’re looking to rejoin the bullish trend. We do not recommend selling EURUSD, as the main trend remains bullish. From the Blue Box area, we expect a further rally toward new highs. Once the pair hits the 50% Fibonacci retracement from the red X connector, we’ll move the stop to breakeven and secure partial profits.

EUR/USD Elliott Wave four-hour chart 07.01.2025

Less than a 2 months later we are seeing great results. The pair has found buyers at the Blue Box, just as expected. The correction ended at the 1.10629 low, and since then, EURUSD is giving us a rally. As a result, all long positions entered at the Blue Box are now risk-free — we’ve moved our stop loss to breakeven and already secured partial profits.