EUR/USD Technical Analysis: Unveiling Elliott Wave Patterns
Wednesday, 2 October 2024, 21:07
Current Elliott Wave Structure in EUR/USD
In the latest technical analysis of EUR/USD, we observe an ongoing Elliott Wave correction. This is particularly significant as the movement follows the cycle from the 4.16.2024 low, highlighting key chart patterns that traders must monitor closely.
Detailed Analysis of the Wave Composition
- The recent rally to 1.12 concluded wave (3) of the impulse sequence.
- We anticipate further developments in the correction, which may yield trading opportunities.
Traders should be alert to fluctuations and prepare for potential shifts in the market as this correction unfolds.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.