EUR/USD: Elliott Wave Analysis and Forecast for 08.08.25 – 15.08.25
The article covers the following subjects:
Major Takeaways
- Main scenario: Consider short positions from corrections below the level of 1.1772 with a bearish target of 1.1200 – 1.1004. A sell signal: the price holds below 1.1772. Stop Loss: above 1.1810, Take Profit: 1.1200 – 1.1004.
- Alternative scenario: Breakout and consolidation above the level of 1.1772 will allow the pair to continue rising to the levels of 1.2050 – 1.2400. A buy signal: the level of 1.1772 is broken to the upside. Stop Loss: below 1.1735, Take Profit: 1.2050 – 1.2400.
Main Scenario
Consider short positions from corrections below the level of 1.1772 with a target of 1.1200 – 1.1004.
Alternative Scenario
Breakout and consolidation above the level of 1.1772 will allow the pair to continue rising to the levels of 1.2050 – 1.2400.
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 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) already formed. On the H4 time frame, a descending correction appears to be developing as wave 2 of (3), with wave a of 2 continuing to form as its part. If the presumption is correct, EUR/USD will continue to drop to the levels of 1.1200 – 1.1004. The level of 1.1772 is critical in this scenario. Its breakout will allow the pair to continue rising to the levels of 1.2050 – 1.2400.
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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