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H4 Market Chart 1 min read

EURUSD Analysis: Will the 1.13620 Level Trigger a Major Euro Rally?

The Elliott Wave structure observed on the EURUSD 4H chart points to the final stage of the major Wave (4) correction following the Wave (3) peak. The pric...

EURUSD Analysis: Will the 1.13620 Level Trigger a Major Euro Rally?
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The Elliott Wave structure observed on the EURUSD 4H chart points to the final stage of the major Wave (4) correction following the Wave (3) peak. The price is currently expected to undergo a final retracement within Wave v, stretching toward the 1.13620 Fibonacci 0.382 support. This zone, combined with structural support and signs of technical exhaustion, is a prime candidate for the pair's ultimate bottom. An upside breakout of the green descending trendline will confirm a permanent shift in market direction in favor of the Euro. Subscribe to the Ewplans newsletter now to ensure you don't miss these critical reversals and professional setups!

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