{"id":12868,"date":"2025-04-30T10:58:39","date_gmt":"2025-04-30T10:58:39","guid":{"rendered":"https:\/\/alchemymarkets.com\/?post_type=market_insights&p=12868"},"modified":"2025-05-08T11:51:12","modified_gmt":"2025-05-08T11:51:12","slug":"eurusd-eyes-wave-4-gdp-print","status":"publish","type":"market_insights","link":"https:\/\/alchemymarkets.com\/sv\/education\/market-insights\/opening-bell\/eurusd-eyes-wave-4-gdp-print\/","title":{"rendered":"EURUSD Eyes Wave 4 Correction as Markets Brace for US GDP Print"},"content":{"rendered":"\n

All eyes today are on the US Q1 GDP release, and it’s looking like it might disappoint. Following yesterday\u2019s much wider-than-expected goods trade deficit for March, economists have trimmed their forecasts, with consensus now at a slight contraction of -0.1% QoQ annualised<\/strong>. Our own team is aligned\u2014there\u2019s a solid chance we see a negative print.<\/p>\n\n\n\n

<\/p>\n\n\n\n

But markets won\u2019t just look at the headline. What matters is why<\/strong> growth slowed. A chunk of it might come from rising imports\u2014possibly due to some front-loading ahead of potential tariff changes\u2014rather than genuine weakness in consumption. So, even if GDP misses, a not-so-terrible personal spending number could soften the blow. That opens the door for some resilience in the dollar<\/strong>, despite the top-line negativity.<\/p>\n\n\n\n

<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

On the technical side, EURUSD is in a clean wave 4 correction<\/strong> following a strong move up in wave 3. The pair has stalled under the 1.1450 area and is starting to drift lower. A classic Elliott Wave<\/a> guideline says wave 4 tends to retrace around 38.2% of wave 3<\/strong>, and that brings us right into the 1.1050 zone<\/strong>\u2014which lines up with some solid confluence technically as well.<\/p>\n\n\n\n

<\/p>\n\n\n\n

It might not get there in a straight line, but that area should be on the radar over the next few days to a week. If price does tag that 1.1050 level and finds support, it could set the stage for the next leg higher in wave 5.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Bottom line:<\/strong> With macro and technicals both aligning, today\u2019s GDP data could help push EURUSD deeper into the wave 4 retracement\u2014possibly down to 1.1050. That would offer a textbook setup for wave 5 buyers looking for the next bullish leg.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

EURUSD is slipping into a textbook wave 4 correction, with 1.1050 shaping up as a key support zone ahead of today’s crucial US GDP print.<\/p>\n","protected":false},"author":162,"featured_media":12870,"parent":0,"comment_status":"open","ping_status":"closed","template":"","market_insights_categories":[17],"class_list":["post-12868","market_insights","type-market_insights","status-publish","has-post-thumbnail","hentry","market_insights_categories-opening-bell"],"acf":[],"yoast_head":"\nEURUSD Eyes Wave 4 Correction as Markets Brace for US GDP Print - Alchemy Markets<\/title>\n<meta name=\"description\" content=\"EURUSD heads into wave 4 correction as markets await US GDP data, with 1.1050 eyed as a key 38.2% retracement support level.\" \/>\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\/opening-bell\/eurusd-eyes-wave-4-gdp-print\/\" \/>\n<meta property=\"og:locale\" content=\"sv_SE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EURUSD Eyes Wave 4 Correction as Markets Brace for US GDP Print - 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