EUR/USD: Elliott wave analysis and forecast for 22.08.25 – 29.08.25
The article covers the following subjects:
Major Takeaways
- Main scenario: Consider long positions from corrections above the level of 1.1385 with a target of 1.2050 – 1.2400. A buy signal: the price holds above 1.1385. Stop Loss: below 1.1300, Take Profit: 1.2050 – 1.2400.
- Alternative scenario: Breakout and consolidation below the level of 1.1385 will allow the pair to continue declining to the levels of 1.1004 – 1.0809. A sell signal: the level of 1.1385 is broken to the downside. Stop Loss: above 1.1450, Take Profit: 1.1004 – 1.0809.
Main Scenario
Consider long positions from corrections above the level of 1.1385 with a target of 1.2050 – 1.2400.
Alternative Scenario
Breakout and consolidation below the level of 1.1385 will allow the pair to continue declining to the levels of 1.1004 – 1.0809.
Analysis
On the weekly time frame, an ascending wave of larger degree C is developing. Within it, wave (1) of C is formed, and a downward correction has been completed as the second wave (2) of C. On the daily time frame, the third wave (3) of C has presumably started to develop, with wave 1 of (3) forming as its part. On the H4 time frame, the fifth wave of smaller degree — wave v of 1 — is likely in progress. Within this structure, wave (i) of v has formed, and a local correction is nearing completion as wave (ii) of v. If the presumption is correct, the EUR/USD pair will continue to rise to the levels of 1.2050 – 1.2400 after the correction ends. The level of 1.1385 is critical in this scenario. Its breakout will allow the pair to continue falling to the levels of 1.1004 – 1.0809.
This forecast is based on the Elliott Wave Theory. When developing trading strategies, it is essential to consider fundamental factors, as the market situation can change at any time.
Price chart of EURUSD in real time mode
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