{"id":27859,"date":"2026-06-03T23:59:49","date_gmt":"2026-06-03T23:59:49","guid":{"rendered":"https:\/\/alchemymarkets.com\/?post_type=market_insights&#038;p=27859"},"modified":"2026-06-03T23:59:50","modified_gmt":"2026-06-03T23:59:50","slug":"eurusd-incomplete-bearish-pattern","status":"publish","type":"market_insights","link":"https:\/\/alchemymarkets.com\/it\/education\/market-insights\/elliott-wave\/eurusd-incomplete-bearish-pattern\/","title":{"rendered":"EUR\/USD Elliott Wave: Incomplete Bearish Pattern"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Executive Summary<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Price appears trapped within a bearish pattern.<\/li>\n\n\n\n<li>The current decline model appears incomplete.<\/li>\n\n\n\n<li>Price is bearish while below 1.1685.<\/li>\n<\/ul>\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=\"641\" src=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/06\/EURUSD_2026-06-03_18-54-39-1024x641.png\" alt=\"\" class=\"wp-image-27860\" srcset=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/06\/EURUSD_2026-06-03_18-54-39-1024x641.png 1024w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/06\/EURUSD_2026-06-03_18-54-39-300x188.png 300w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/06\/EURUSD_2026-06-03_18-54-39-768x481.png 768w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/06\/EURUSD_2026-06-03_18-54-39.png 1452w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Reviewing the daily price chart on EURUSD, when I stand back and look at the screen, I see bearish patterns.<\/p>\n\n\n\n<p>Prices are currently challenging the support trend line dating back to March 2026. Eventually, this probably will break down and we&#8217;ll see a retest of 1.1410.<\/p>\n\n\n\n<p>The key <a href=\"https:\/\/alchemymarkets.com\/education\/guides\/elliott-wave-theory\/\">Elliott wave<\/a> pattern to this picture is the rally from March 13 to April 17.&nbsp;<\/p>\n\n\n\n<p>That pattern is clearly a 3-wave zigzag rally. This means the rally is corrective and likely to be fully retraced. This implies a decline back to 1.1410 and possibly lower levels.<\/p>\n\n\n\n<p>The only way to make that rally a more bullish pattern would require starting the rally later, on March 30. However, that requires the previous down wave to be a truncated pattern which is rare.&nbsp;<\/p>\n\n\n\n<p>Therefore, sticking with the probabilities, EURUSD appears to need a handshake with 1.1410 and possibly lower levels down into the 1.12 region. If that low takes place on divergence with DXY, then we&#8217;ll know it&#8217;ll become an important turning point.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Bottom Line<\/h2>\n\n\n\n<p>The Elliott wave count we are tracing is that a renewed decline may carry EURUSD below 1.1410 and possibly down to 1.12. If EURUSD is successful in reaching those lower price levels, then we\u2019ll consider looking for bullish reversals.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Discover our latest Elliott Wave analysis on EURUSD as it appears in the middle of an incomplete decline.<\/p>\n","protected":false},"author":160,"featured_media":27866,"parent":0,"comment_status":"open","ping_status":"closed","template":"","market_insights_categories":[16],"class_list":["post-27859","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 Elliott Wave: Incomplete Bearish Pattern - Alchemy Markets<\/title>\n<meta name=\"description\" content=\"Discover our latest Elliott Wave analysis on EURUSD as it appears in the middle of an incomplete decline.\" \/>\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-incomplete-bearish-pattern\/\" \/>\n<meta property=\"og:locale\" content=\"it_IT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EUR\/USD Elliott Wave: Incomplete Bearish Pattern - 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