#EURUSD (H4 & D1) – Trend Retest and Potential Wave 3 Formation
Current price: 1.1631
The euro is showing signs of a bullish continuation, with price testing the trendline support on H4 and setting up for a potential third-wave expansion. The same impulse structure is visible on the daily chart, suggesting multi-timeframe alignment.
🧩 Technical Overview (H4)
• Price successfully retested the ascending trendline, confirming short-term structural support near 1.1580–1.1600.
• The current recovery move is developing into a third impulsive leg after completing a corrective pullback.
• The structure remains bullish as long as the market stays above the previous swing low.
📈 Scenario
• Stop-loss: below the prior swing low at 1.1579 (wave 1 base).
• Upside objectives:
– 1.1755–1.1765 — first confirmation zone
– 1.1840–1.1850 — key extension target (1.618 Fib projection)
– 1.1910–1.1920 — extended cycle target (2.0 projection)
– 1.2020 — potential completion of wave sequence
• A breakout above 1.1650–1.1670 would confirm the start of the next bullish leg.
⚙️ Market Context (D1)
• On the daily timeframe, price is forming a larger potential wave 3, aligning with the bullish H4 impulse.
• The broader trendline from mid-summer lows continues to hold as structural support.
• The setup reflects early signs of euro strength amid easing USD momentum.
🧭 Summary
EUR/USD remains in a constructive technical position, consolidating before a potential impulsive breakout.
• While above 1.1579, bias stays bullish, targeting 1.1755 → 1.1845 → 1.1915.
• A close above 1.1650 would confirm bullish acceleration, while a drop below 1.1579 would invalidate the setup.
Current price: 1.1631
The euro is showing signs of a bullish continuation, with price testing the trendline support on H4 and setting up for a potential third-wave expansion. The same impulse structure is visible on the daily chart, suggesting multi-timeframe alignment.
🧩 Technical Overview (H4)
• Price successfully retested the ascending trendline, confirming short-term structural support near 1.1580–1.1600.
• The current recovery move is developing into a third impulsive leg after completing a corrective pullback.
• The structure remains bullish as long as the market stays above the previous swing low.
📈 Scenario
• Stop-loss: below the prior swing low at 1.1579 (wave 1 base).
• Upside objectives:
– 1.1755–1.1765 — first confirmation zone
– 1.1840–1.1850 — key extension target (1.618 Fib projection)
– 1.1910–1.1920 — extended cycle target (2.0 projection)
– 1.2020 — potential completion of wave sequence
• A breakout above 1.1650–1.1670 would confirm the start of the next bullish leg.
⚙️ Market Context (D1)
• On the daily timeframe, price is forming a larger potential wave 3, aligning with the bullish H4 impulse.
• The broader trendline from mid-summer lows continues to hold as structural support.
• The setup reflects early signs of euro strength amid easing USD momentum.
🧭 Summary
EUR/USD remains in a constructive technical position, consolidating before a potential impulsive breakout.
• While above 1.1579, bias stays bullish, targeting 1.1755 → 1.1845 → 1.1915.
• A close above 1.1650 would confirm bullish acceleration, while a drop below 1.1579 would invalidate the setup.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.