EUR/USD: Scenario for a possible continuation move lower

Elliott Wave Forecast Team ElliottWave-Forecast.com

EUR/USD possible bearish scenario

Watch for price to get above the equilibrium level first.

Wait for price to tap Weekly or Daily FVG then followed with a rejection from either of these zones.

Watch for the possible hidden divergence pattern to form which signals the bearish trend continuation.

Wait for all above to play out first then plan the sell entry, stops and targets with confidence.

EUR/USD daily chart July 6 2026

A trader should always have multiple strategies all lined up before entering a trade. Never trade off one simple strategy. When multiple strategies all line up it allows a trader to see a clearer trade setup. We at EWF never say we are always right. No market service provider can forecast markets with 100% accuracy. Only thing we at EWF 100%, is that we are RIGHT more than we are WRONG.

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Elliott Wave Forecast Team

ElliottWave-Forecast.com

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