EUR/USD: Elliott wave analysis and forecast for 12.09.25 – 19.09.25
The article covers the following subjects:
Major Takeaways
- Main scenario: Consider long positions from corrections above the level of 1.1604 with a target of 1.2050 – 1.2400. A buy signal: the price holds above 1.1604. Stop Loss: below 1.1500, Take Profit: 1.2050 – 1.2400.
- Alternative scenario: Breakout and consolidation below the level of 1.1604 will allow the pair to continue declining to the levels of 1.1385 – 1.1193. A sell signal: the level of 1.1604 is broken to the downside. Stop Loss: above 1.1660, Take Profit: 1.1385 – 1.1193.
Main Scenario
Consider long positions from corrections above the level of 1.1604 with a target of 1.2050 – 1.2400.
Alternative Scenario
Breakout and consolidation below the level of 1.1604 will allow the pair to continue declining to the levels of 1.1385 – 1.1193.
Analysis
On the weekly time frame, an ascending wave C of larger degree 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 fifth wave of smaller degree v of 1 appears to be forming on the H4 chart, within which wave (iii) of v is unfolding. If the presumption is correct, the EUR/USD pair will continue to rise to 1.2050 – 1.2400. The level of 1.1604 is critical in this scenario. Its breakout will allow the pair to continue falling to the levels of 1.1385 – 1.1193.
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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