EUR/USD: Moved higher and banked +105 Pips +3%

Elliott Wave Forecast Team ElliottWave-Forecast.com

February 6 2026 I entered the buy entry on the EURUSD pair at 1.1799 with a 35 pip stop loss at 1.1764 and was looking for a move higher to the 3R target at 1.1904.

Buy trade setup.

1. Price taps the bullish daily demand zone (Pink) and reacted with a move higher.

2. Bullish divergence pattern formed in the demand zone signalling a move higher. (Red line)

3. Bullish market pattern 1.27 Fib. level hits signalling bulls will be looking to push the market higher. (Blue)

4. All combined together and entered the BUY/LONG trade with confidence.

EUR/USD one-hour chart February 6 2026 (Entry)

EUR/USD one-hour chart February 9 2026 (Target hits/Trade closed)

EUR/USD moves higher and hits 3R target at 1.1904 from 1.1799 and I closed trade for +105 pips (+3% gain risking 1% on every trade)

Author

Elliott Wave Forecast Team

ElliottWave-Forecast.com

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