{"id":21000,"date":"2026-01-26T17:46:20","date_gmt":"2026-01-26T17:46:20","guid":{"rendered":"https:\/\/alchemymarkets.com\/?post_type=market_insights&#038;p=21000"},"modified":"2026-01-26T17:46:20","modified_gmt":"2026-01-26T17:46:20","slug":"eurusd-eyeing-highest-level-in-5-years","status":"publish","type":"market_insights","link":"https:\/\/alchemymarkets.com\/it\/education\/market-insights\/elliott-wave\/eurusd-eyeing-highest-level-in-5-years\/","title":{"rendered":"EUR\/USD Eyeing Highest Level in 5 Years [Elliott Wave]"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Executive Summary<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>EUR\/USD appears over half-way through a multi-year bullish flag pattern.<\/li>\n\n\n\n<li>Current rally may carry to 1.26 and possibly 1.32.<\/li>\n\n\n\n<li>Bullish view is held while EURUSD price is above 1.1578.<\/li>\n<\/ul>\n\n\n\n<p>EUR\/USD is progressing closer to the round number 1.20 price level. Once this level is reached, it would be the highest EUR\/USD exchange rate since 2021.<\/p>\n\n\n\n<p>On Wednesday, the FOMC concludes their 2-day meeting with their latest interest rate announcement. The Fed is anticipated to hold rates steady with the street anticipating the next rate cut in June 2026.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Current Elliott Wave Analysis<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"676\" src=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/01\/EURUSD_2026-01-26_11-41-45-1024x676.png\" alt=\"\" class=\"wp-image-21001\" srcset=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/01\/EURUSD_2026-01-26_11-41-45-1024x676.png 1024w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/01\/EURUSD_2026-01-26_11-41-45-300x198.png 300w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/01\/EURUSD_2026-01-26_11-41-45-768x507.png 768w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/01\/EURUSD_2026-01-26_11-41-45.png 1377w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>The primary <a href=\"https:\/\/alchemymarkets.com\/education\/guides\/elliott-wave-theory\/\">Elliott wave<\/a> count we are following is a large A-B-C zigzag pattern. The B-wave of the pattern just completed and wave C is rallying higher.<\/p>\n\n\n\n<p>For common technicians, this pattern resembles a large <a href=\"https:\/\/alchemymarkets.com\/education\/strategies\/bull-flag-pattern\/\">bullish flag pattern<\/a>. Wave A is the flag pole and wave B is a multi-month <a href=\"https:\/\/alchemymarkets.com\/education\/strategies\/symmetrical-triangle-pattern\/\">symmetrical triangle<\/a>.<\/p>\n\n\n\n<p>This pattern anticipates a bullish break higher. EUR\/USD has begun to break above the topside <a href=\"https:\/\/alchemymarkets.com\/education\/guides\/support-and-resistance\/\">resistance<\/a> of the flag pattern near 1.18.<\/p>\n\n\n\n<p>Using the <a href=\"https:\/\/alchemymarkets.com\/education\/indicators\/fibonacci-extensions\/\">Fibonacci extension tool<\/a>, we are anticipating the bullish rally to carry up to 1.26 (the 61.8% extension) and possibly 1.32 (100% extension). The 100% extension would be the similar as a \u2018measured move\u2019 by projecting the length of the flagpole upon breakout.<\/p>\n\n\n\n<p>The Elliott wave structure we are anticipating for this rally is a 5-wave motive pattern, an impulse or diagonal.<\/p>\n\n\n\n<p>The bullish key level is the January 19 low of 1.1578.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Bottom Line<\/h2>\n\n\n\n<p>The obvious Elliott wave count we are following is that a bullish flag pattern is unfolding. The triangle wave is the middle of the pattern and just concluded at 1.1578. This pattern hints a large bullish rally to 1.26 and possibly 1.32 while holding above 1.1578.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Discover our latest Elliott Wave analysis on EURUSD: Wave\u202fA topped at 1.1830, and a Wave\u202fB corrected to 1.1578\u2014learn where the next target sits.<\/p>\n","protected":false},"author":160,"featured_media":21007,"parent":0,"comment_status":"open","ping_status":"closed","template":"","market_insights_categories":[16],"class_list":["post-21000","market_insights","type-market_insights","status-publish","has-post-thumbnail","hentry","market_insights_categories-elliott-wave"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EUR\/USD Eyeing Highest Level in 5 Years [Elliott Wave] - Alchemy Markets<\/title>\n<meta name=\"description\" content=\"Discover our latest Elliott Wave analysis on EURUSD: Wave\u202fA topped at 1.1830, and a Wave\u202fB corrected to 1.1578\u2014learn where the next target sits.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/alchemymarkets.com\/it\/education\/market-insights\/elliott-wave\/eurusd-eyeing-highest-level-in-5-years\/\" \/>\n<meta property=\"og:locale\" content=\"it_IT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EUR\/USD Eyeing Highest Level in 5 Years [Elliott Wave] - 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