{"id":13413,"date":"2025-06-09T23:09:06","date_gmt":"2025-06-09T23:09:06","guid":{"rendered":"https:\/\/alchemymarkets.com\/?post_type=market_insights&#038;p=13413"},"modified":"2025-06-09T23:12:54","modified_gmt":"2025-06-09T23:12:54","slug":"eurusd-diagonal-rally","status":"publish","type":"market_insights","link":"https:\/\/alchemymarkets.com\/sv\/education\/market-insights\/elliott-wave\/eurusd-diagonal-rally\/","title":{"rendered":"EURUSD Elliott Wave: Diagonal Rally"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Executive Summary<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>EURUSD finalized a diagonal pattern last Thursday at 1.14948<\/li>\n\n\n\n<li>The near-term trend has shifted lower.<\/li>\n\n\n\n<li>Wait for key levels to break to determine if ending diagonal or leading diagonal.<\/li>\n<\/ul>\n\n\n\n<p>Last Thursday, June 5, the ECB rate announcement caused a bit of volatility within the EURUSD pricing. It appears a diagonal pattern ended on Thursday and prices may be correcting lower.<\/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=\"746\" src=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/06\/EURUSD_2025-06-09_17-57-48-1024x746.png\" alt=\"\" class=\"wp-image-13414\" srcset=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/06\/EURUSD_2025-06-09_17-57-48-1024x746.png 1024w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/06\/EURUSD_2025-06-09_17-57-48-300x218.png 300w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/06\/EURUSD_2025-06-09_17-57-48-768x559.png 768w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/06\/EURUSD_2025-06-09_17-57-48.png 1173w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>From the May 12 low of 1.10649, EURUSD appears to have carved an Elliott wave diagonal pattern, shaped like a <a href=\"https:\/\/alchemymarkets.com\/education\/strategies\/rising-wedge-pattern\/\">rising wedge<\/a>. It is difficult to identify if this is an ending diagonal pattern terminating the entire wave sequence since January 13. Or, it is possible this is a leading diagonal wave 1 of a larger 5-wave advance.<\/p>\n\n\n\n<p>The rally from January 13 has been one of the most explosive rallies to start a new year. It is long in price and needs a consolidation to catch its breath.<\/p>\n\n\n\n<p>I suspect this may be an ending diagonal that is a truncated 5th wave from the April high. We won\u2019t know for sure if this is the case until after the decline has reached 1.10649.<\/p>\n\n\n\n<p>If this is a leading diagonal, then it is possible EURUSD declines to 1.1200, rallies to a new high.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Bottom Line<\/h2>\n\n\n\n<p>A rally above 1.14948 suggests the diagonal was a leading diagonal wave one of a five wave sequence.<\/p>\n\n\n\n<p>If price declines swiftly below 1.12, then it may be an early warning dashboard signal of a continued decline to below 1.10649.<\/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=\"6WK4dXVIa4\"><a href=\"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/nasdaq-eyeing-all-time-highs\/\">Nasdaq Eyeing All-Time Highs [Elliott Wave]<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;Nasdaq Eyeing All-Time Highs [Elliott Wave]&#8221; &#8212; Alchemy Markets\" src=\"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/nasdaq-eyeing-all-time-highs\/embed\/#?secret=Myuz145j2d#?secret=6WK4dXVIa4\" data-secret=\"6WK4dXVIa4\" 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>EURUSD Elliott Wave analysis suggests a diagonal pattern finalized into the June 6 high. Discover the key levels and targets we are following.<\/p>\n","protected":false},"author":160,"featured_media":13416,"parent":0,"comment_status":"open","ping_status":"closed","template":"","market_insights_categories":[16],"class_list":["post-13413","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>EURUSD Elliott Wave: Diagonal Rally - Alchemy Markets<\/title>\n<meta name=\"description\" content=\"EURUSD Elliott Wave analysis suggests a diagonal pattern finalized into the June 6 high. Discover the key levels and targets we are following.\" \/>\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\/eurusd-diagonal-rally\/\" \/>\n<meta property=\"og:locale\" content=\"sv_SE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EURUSD Elliott Wave: Diagonal Rally - Alchemy Markets\" \/>\n<meta property=\"og:description\" content=\"EURUSD Elliott Wave analysis suggests a diagonal pattern finalized into the June 6 high. Discover the key levels and targets we are following.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/eurusd-diagonal-rally\/\" \/>\n<meta property=\"og:site_name\" content=\"Alchemy Markets\" \/>\n<meta property=\"article:modified_time\" content=\"2025-06-09T23:12:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/06\/EURUSD-elliott-wave-featured-image-june-9-2025.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1536\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\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":"EURUSD Elliott Wave: Diagonal Rally - Alchemy Markets","description":"EURUSD Elliott Wave analysis suggests a diagonal pattern finalized into the June 6 high. Discover the key levels and targets we are following.","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\/eurusd-diagonal-rally\/","og_locale":"sv_SE","og_type":"article","og_title":"EURUSD Elliott Wave: Diagonal Rally - Alchemy Markets","og_description":"EURUSD Elliott Wave analysis suggests a diagonal pattern finalized into the June 6 high. Discover the key levels and targets we are following.","og_url":"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/eurusd-diagonal-rally\/","og_site_name":"Alchemy Markets","article_modified_time":"2025-06-09T23:12:54+00:00","og_image":[{"width":1536,"height":1024,"url":"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/06\/EURUSD-elliott-wave-featured-image-june-9-2025.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\/eurusd-diagonal-rally\/","url":"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/eurusd-diagonal-rally\/","name":"EURUSD Elliott Wave: Diagonal Rally - Alchemy Markets","isPartOf":{"@id":"https:\/\/alchemymarkets.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/eurusd-diagonal-rally\/#primaryimage"},"image":{"@id":"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/eurusd-diagonal-rally\/#primaryimage"},"thumbnailUrl":"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/06\/EURUSD-elliott-wave-featured-image-june-9-2025.png","datePublished":"2025-06-09T23:09:06+00:00","dateModified":"2025-06-09T23:12:54+00:00","description":"EURUSD Elliott Wave analysis suggests a diagonal pattern finalized into the June 6 high. Discover the key levels and targets we are following.","breadcrumb":{"@id":"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/eurusd-diagonal-rally\/#breadcrumb"},"inLanguage":"sv-SE","potentialAction":[{"@type":"ReadAction","target":["https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/eurusd-diagonal-rally\/"]}]},{"@type":"ImageObject","inLanguage":"sv-SE","@id":"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/eurusd-diagonal-rally\/#primaryimage","url":"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/06\/EURUSD-elliott-wave-featured-image-june-9-2025.png","contentUrl":"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/06\/EURUSD-elliott-wave-featured-image-june-9-2025.png","width":1536,"height":1024},{"@type":"BreadcrumbList","@id":"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/eurusd-diagonal-rally\/#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":"EURUSD Elliott Wave: Diagonal Rally"}]},{"@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\/13413","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=13413"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alchemymarkets.com\/sv\/wp-json\/wp\/v2\/media\/13416"}],"wp:attachment":[{"href":"https:\/\/alchemymarkets.com\/sv\/wp-json\/wp\/v2\/media?parent=13413"}],"wp:term":[{"taxonomy":"market_insights_categories","embeddable":true,"href":"https:\/\/alchemymarkets.com\/sv\/wp-json\/wp\/v2\/market_insights_categories?post=13413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}