{"id":7790,"date":"2025-01-16T22:27:28","date_gmt":"2025-01-16T22:27:28","guid":{"rendered":"https:\/\/alchemymarkets.com\/?post_type=market_insights&#038;p=7790"},"modified":"2025-05-12T12:23:06","modified_gmt":"2025-05-12T12:23:06","slug":"eurusd-falling-wedge-bulls-edge","status":"publish","type":"market_insights","link":"https:\/\/alchemymarkets.com\/it\/education\/market-insights\/elliott-wave\/eurusd-falling-wedge-bulls-edge\/","title":{"rendered":"EUR\/USD Elliott Wave: Falling Wedge at Bull&#8217;s Edge"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Executive Summary<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Elliott wave analysis for EUR\/USD suggests a large important bottom appearing between 1.0177 and 1.0035.<\/li>\n\n\n\n<li>We illustrate two counts below, the bottom might be in place on January 13 or at slightly lower levels.<\/li>\n\n\n\n<li>If this is correct, then the next bull run may carry EUR\/USD up +1000-2000 pips.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Current Elliott Wave Analysis<\/h2>\n\n\n\n<p>EUR\/USD is in the final wave at multiple degrees of downtrend. This means a bullish reversal is likely around the corner, if the bottom hasn&#8217;t already formed on Monday, January 13.<\/p>\n\n\n\n<p>This next rally should last several months and carry EUR\/USD above 1.12 and possibly to 1.20.<\/p>\n\n\n\n<p>We forecasted in our <a href=\"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/eur-usd-wave-counts-at-odds\/\">November 27 post<\/a> that EURUSD was likely going to rally to 1.0610-1.0670, then reverse lower to 1.0220-1.0270.<\/p>\n\n\n\n<p>On December 6, EURUSD rallied to a high of 1.0629 and has since fallen to a low of 1.0177 this past Monday, January 13.<\/p>\n\n\n\n<p>We are unsure if 1.0177 is the final low, but if it isn\u2019t the final low, EURUSD is getting very close.<\/p>\n\n\n\n<p>Let\u2019s review a couple of wave counts we are following that are quite similar and call for a bullish reversal.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Wave C Ending Diagonal<\/strong><\/h4>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"677\" src=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/01\/wave-C-ED-EURUSD_2025-01-16_15-27-05-1024x677.png\" alt=\"\" class=\"wp-image-7791\" srcset=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/01\/wave-C-ED-EURUSD_2025-01-16_15-27-05-1024x677.png 1024w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/01\/wave-C-ED-EURUSD_2025-01-16_15-27-05-300x198.png 300w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/01\/wave-C-ED-EURUSD_2025-01-16_15-27-05-768x508.png 768w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/01\/wave-C-ED-EURUSD_2025-01-16_15-27-05.png 1335w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>The sloppy and overlapping pattern does hint that an ending diagonal of some form is taking shape. This first pattern places the Ending Diagonal within <strong>Wave C<\/strong> of a larger corrective (2) wave:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Wave C contains 5 subwaves.<\/li>\n\n\n\n<li>The minimum waves are in place to consider this pattern complete at the January 13 low of 1.0177.<\/li>\n\n\n\n<li>One more low below 1.0177 is allowed, but the maximum decline allowed by this pattern is down to 1.0035<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Wave 5 Ending Diagonal<\/strong><\/h4>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"677\" src=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/01\/wave-5-ED-EURUSD_2025-01-16_15-23-37-1024x677.png\" alt=\"\" class=\"wp-image-7793\" srcset=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/01\/wave-5-ED-EURUSD_2025-01-16_15-23-37-1024x677.png 1024w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/01\/wave-5-ED-EURUSD_2025-01-16_15-23-37-300x198.png 300w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/01\/wave-5-ED-EURUSD_2025-01-16_15-23-37-768x508.png 768w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/01\/wave-5-ED-EURUSD_2025-01-16_15-23-37.png 1335w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>A secondary and more niche <a href=\"https:\/\/alchemymarkets.com\/education\/guides\/elliott-wave-theory\/\">Elliott wave count<\/a> places an ending diagonal pattern with wave ((v)) of C. This is a smaller pattern than the count noted above. As a result, it\u2019s levels will be a bit tighter. Key details include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Wave C is taking the shape of an impulse pattern<\/li>\n\n\n\n<li>Wave ((iv)) of C is a symmetrical triangle.<\/li>\n\n\n\n<li>Wave ((v)) of C is an ending diagonal pattern.<\/li>\n\n\n\n<li>This pattern requires one more low below 1.0177, but the price must hold above 1.0096 or else an Elliott rule is broken.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Similarities and Differences<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Similarities<\/strong>: Both scenarios illustrate EURUSD declining in wave C of a flat pattern. Additionally, both scenarios call for a major low between 1.0035-1.0177. Once the bottom is in place, both scenarios forecast a large bullish trend. The RSI bullish divergence signals a bullish reversal soon.<\/li>\n\n\n\n<li><strong>Differences<\/strong>: The falling wedge as wave C provides a wider target range and its possible that January 13 is the end. The falling wedge as wave ((v)) requires one more dip that must hold above 1.0096.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Bottom Line<\/h2>\n\n\n\n<p>Both the primary and alternate counts suggest a major low forms in EURUSD between 1.0035-1.0177. Once the major low is in place, then a rally lasting several months is likely to carry EURUSD above 1.12 and possibly to 1.20.<\/p>\n\n\n\n<p>A break above either blue resistance trend line would build the case that the major low is in place. Additionally evidence of a bottom in place is when price passes wave ((iv)).<\/p>\n\n\n\n<p><strong><em>You Might Be Interested In:<\/em><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-alchemy-markets wp-block-embed-alchemy-markets\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"ZfPTUKRIzk\"><a href=\"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/aud-usd-bears-in-control\/\">AUD\/USD Elliott Wave: Bears in Control, But a Reversal Looms?<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;AUD\/USD Elliott Wave: Bears in Control, But a Reversal Looms?&#8221; &#8212; Alchemy Markets\" src=\"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/aud-usd-bears-in-control\/embed\/#?secret=w8R1hLRFIW#?secret=ZfPTUKRIzk\" data-secret=\"ZfPTUKRIzk\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>EUR\/USD Elliott Wave analysis suggests a major bottom may form between 1.0035-1.0177. Discover the key levels and targets we are following.<\/p>\n","protected":false},"author":160,"featured_media":7795,"parent":0,"comment_status":"open","ping_status":"closed","template":"","market_insights_categories":[16],"class_list":["post-7790","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: Falling Wedge at Bull&#039;s Edge - Alchemy Markets<\/title>\n<meta name=\"description\" content=\"EUR\/USD Elliott Wave analysis suggests a major bottom may form between 1.0035-1.0177. 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