#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.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.