EUR/USD: Elliott wave analysis and forecast for 29.08.25 – 05.09.25
The article covers the following subjects:
Major Takeaways
- Main scenario: Consider long positions from corrections above the level of 1.1563 with a target of 1.2050 – 1.2400. A buy signal: the price holds above 1.1563. Stop Loss: below 1.1450, Take Profit: 1.2050 – 1.2400.
- Alternative scenario: Breakout and consolidation below the level of 1.1563 will allow the pair to continue declining to the levels of 1.1385 – 1.1004. A sell signal: the level of 1.1563 is broken to the downside. Stop Loss: above 1.1650, Take Profit: 1.1385 – 1.1004.
Main Scenario
Consider long positions from corrections above the level of 1.1563 with a target of 1.2050 – 1.2400.
Alternative Scenario
Breakout and consolidation below the level of 1.1563 will allow the pair to continue declining to the levels of 1.1385 – 1.1004
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) still forming as its part. The H4 time frame shows that the fifth wave of smaller degree v of 1 is presumably forming. Within it, wave (i) of v has been completed, a local correction has ended as wave (ii) of v, and wave (iii) of v has started to develop. If the presumption is correct, the EUR/USD pair will continue to rise to 1.2050 – 1.2400. The level of 1.1563 is critical in this scenario. Its breakout will allow the pair to continue falling to the levels of 1.1385 – 1.1004.
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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