{"id":12370,"date":"2025-03-24T17:55:44","date_gmt":"2025-03-24T17:55:44","guid":{"rendered":"https:\/\/alchemymarkets.wpengine.com\/?post_type=market_insights&#038;p=9556"},"modified":"2025-05-16T09:33:11","modified_gmt":"2025-05-16T09:33:11","slug":"eur-usd-eyes-the-prize","status":"publish","type":"market_insights","link":"https:\/\/alchemymarkets.com\/sv\/education\/market-insights\/elliott-wave\/eur-usd-eyes-the-prize\/","title":{"rendered":"EUR\/USD Eyes the Prize with a Wave 5 Rise [Elliott Wave]"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\"><strong>Executive Summary<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Current Trend Bias<\/strong>: Wave 3 major rally.<\/li>\n\n\n\n<li><strong>Key Levels<\/strong>: Wave relationship support above 1.0650 and between 1.0722 &#8211; 1.0779.<\/li>\n\n\n\n<li><strong>Forecast Implication<\/strong>: Though EURUSD has declined slightly, the larger trend remains higher to 1.12 due to an incomplete Elliott wave impulse pattern.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Current Elliott Wave Analysis<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/03\/EURUSD_2025-03-24_12-47-42-1024x660.png\" alt=\"\" class=\"wp-image-9557\" \/><\/figure>\n\n\n\n<p>The EUR\/USD chart shows a multi-degree<a href=\"https:\/\/alchemymarkets.com\/education\/guides\/elliott-wave-theory\/\"> Elliott wave<\/a> bullish structure unfolding. At the <strong>higher degree<\/strong>, the chart is bullish and appears to be a larger degree wave ((iii)) [not shown].<\/p>\n\n\n\n<p>At smaller degree, it appears wave iv of (iii) is about to terminate, leading to another rally in wave v of (iii).<\/p>\n\n\n\n<p>Oftentimes, wave iv will retrace about 38% the length of wave iii, especially within an extended third wave as is evident above. The <a href=\"https:\/\/alchemymarkets.com\/education\/indicators\/fibonacci-retracement\/\">Fibonacci 38% retracement<\/a> is near 1.0722.<\/p>\n\n\n\n<p>Additionally, wave iv tends to retrace a similar depth as wave ii of the same trend. The previous wave ii retraced about 168 pips. A similar sized retracement from the top of wave iii on March 11, shows wave iv could retrace near 1.0779.<\/p>\n\n\n\n<p>So we have a confluence zone of 1.0722-1.0779 as a potential reversal zone for the currently unfolding wave iv. EURUSD can dip further and likely holds above 1.0650.<\/p>\n\n\n\n<p>We were able to anticipate the ending of wave iii and the estimate for wave iv back when we published our previous note on March 6, \u201c<a href=\"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/eurusd-third-wave-rally\/\">EURUSD Elliott Wave: Middle of Third Wave Rally<\/a>.\u201d<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Bottom Line<\/strong><\/h2>\n\n\n\n<p>EUR\/USD is pausing within a third wave of a larger Elliott wave impulse sequence. We suspect that a smaller degree wave iv will finalize between 1.0722 &#8211; 1.0779 with another rally carrying EURUSD up to 1.12.&nbsp;<\/p>\n\n\n\n<p>Though not expected, a breakdown below 1.0650 would be a cause for concern to elevate alternate scenarios.<\/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=\"UOHBvXpMPk\"><a href=\"https:\/\/alchemymarkets.wpengine.com\/education\/market-insights\/elliott-wave\/golds-next-move\/\">Gold\u2019s Next Move: XAUUSD Elliott Wave Forecast<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;Gold\u2019s Next Move: XAUUSD Elliott Wave Forecast&#8221; &#8212; Alchemy Markets\" src=\"https:\/\/alchemymarkets.wpengine.com\/education\/market-insights\/elliott-wave\/golds-next-move\/embed\/#?secret=zAsBjHiAMK#?secret=UOHBvXpMPk\" data-secret=\"UOHBvXpMPk\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Review the EURUSD Elliott Wave forecast. Receive insights on the trend, targets, and key levels for smarter trading decisions.<\/p>\n","protected":false},"author":160,"featured_media":12469,"parent":0,"comment_status":"closed","ping_status":"closed","template":"","market_insights_categories":[16],"class_list":["post-12370","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 Eyes the Prize with a Wave 5 Rise [Elliott Wave] - Alchemy Markets<\/title>\n<meta name=\"description\" content=\"Review the EURUSD Elliott Wave forecast. Receive insights on the trend, targets, and key levels for smarter trading decisions.\" \/>\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\/sv\/education\/market-insights\/elliott-wave\/eur-usd-eyes-the-prize\/\" \/>\n<meta property=\"og:locale\" content=\"sv_SE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EUR\/USD Eyes the Prize with a Wave 5 Rise [Elliott Wave] - Alchemy Markets\" \/>\n<meta property=\"og:description\" content=\"Review the EURUSD Elliott Wave forecast. Receive insights on the trend, targets, and key levels for smarter trading decisions.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/eur-usd-eyes-the-prize\/\" \/>\n<meta property=\"og:site_name\" content=\"Alchemy Markets\" \/>\n<meta property=\"article:modified_time\" content=\"2025-05-16T09:33:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/03\/EURUSD-featured-image-March-24-2025.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1408\" \/>\n\t<meta property=\"og:image:height\" content=\"768\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Ber\u00e4knad l\u00e4stid\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minuter\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"EUR\/USD Eyes the Prize with a Wave 5 Rise [Elliott Wave] - Alchemy Markets","description":"Review the EURUSD Elliott Wave forecast. Receive insights on the trend, targets, and key levels for smarter trading decisions.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/alchemymarkets.com\/sv\/education\/market-insights\/elliott-wave\/eur-usd-eyes-the-prize\/","og_locale":"sv_SE","og_type":"article","og_title":"EUR\/USD Eyes the Prize with a Wave 5 Rise [Elliott Wave] - Alchemy Markets","og_description":"Review the EURUSD Elliott Wave forecast. Receive insights on the trend, targets, and key levels for smarter trading decisions.","og_url":"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/eur-usd-eyes-the-prize\/","og_site_name":"Alchemy Markets","article_modified_time":"2025-05-16T09:33:11+00:00","og_image":[{"width":1408,"height":768,"url":"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/03\/EURUSD-featured-image-March-24-2025.png","type":"image\/png"}],"twitter_card":"summary_large_image","twitter_misc":{"Ber\u00e4knad l\u00e4stid":"2 minuter"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/eur-usd-eyes-the-prize\/","url":"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/eur-usd-eyes-the-prize\/","name":"EUR\/USD Eyes the Prize with a Wave 5 Rise [Elliott Wave] - Alchemy Markets","isPartOf":{"@id":"https:\/\/alchemymarkets.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/eur-usd-eyes-the-prize\/#primaryimage"},"image":{"@id":"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/eur-usd-eyes-the-prize\/#primaryimage"},"thumbnailUrl":"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/03\/EURUSD-featured-image-March-24-2025.png","datePublished":"2025-03-24T17:55:44+00:00","dateModified":"2025-05-16T09:33:11+00:00","description":"Review the EURUSD Elliott Wave forecast. Receive insights on the trend, targets, and key levels for smarter trading decisions.","breadcrumb":{"@id":"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/eur-usd-eyes-the-prize\/#breadcrumb"},"inLanguage":"sv-SE","potentialAction":[{"@type":"ReadAction","target":["https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/eur-usd-eyes-the-prize\/"]}]},{"@type":"ImageObject","inLanguage":"sv-SE","@id":"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/eur-usd-eyes-the-prize\/#primaryimage","url":"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/03\/EURUSD-featured-image-March-24-2025.png","contentUrl":"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/03\/EURUSD-featured-image-March-24-2025.png","width":1408,"height":768},{"@type":"BreadcrumbList","@id":"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/eur-usd-eyes-the-prize\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/alchemymarkets.com\/"},{"@type":"ListItem","position":2,"name":"Market Insights","item":"https:\/\/alchemymarkets.com\/education\/market-insights\/"},{"@type":"ListItem","position":3,"name":"EUR\/USD Eyes the Prize with a Wave 5 Rise [Elliott Wave]"}]},{"@type":"WebSite","@id":"https:\/\/alchemymarkets.com\/#website","url":"https:\/\/alchemymarkets.com\/","name":"Alchemy Markets","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/alchemymarkets.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"sv-SE"}]}},"_links":{"self":[{"href":"https:\/\/alchemymarkets.com\/sv\/wp-json\/wp\/v2\/market_insights\/12370","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alchemymarkets.com\/sv\/wp-json\/wp\/v2\/market_insights"}],"about":[{"href":"https:\/\/alchemymarkets.com\/sv\/wp-json\/wp\/v2\/types\/market_insights"}],"author":[{"embeddable":true,"href":"https:\/\/alchemymarkets.com\/sv\/wp-json\/wp\/v2\/users\/160"}],"replies":[{"embeddable":true,"href":"https:\/\/alchemymarkets.com\/sv\/wp-json\/wp\/v2\/comments?post=12370"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alchemymarkets.com\/sv\/wp-json\/wp\/v2\/media\/12469"}],"wp:attachment":[{"href":"https:\/\/alchemymarkets.com\/sv\/wp-json\/wp\/v2\/media?parent=12370"}],"wp:term":[{"taxonomy":"market_insights_categories","embeddable":true,"href":"https:\/\/alchemymarkets.com\/sv\/wp-json\/wp\/v2\/market_insights_categories?post=12370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}