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📈 EUR/USD Weekly Chart – Wave 4 in Progress?
Wave 3 looks complete and price is now hovering in a key correction zone, hinting at the start of Wave 4.
Two possible paths are unfolding:
🔴 Scenario 1: Shallow Wave 4 correction → breakout to Wave 5, targeting 1.16667 and beyond.
🔵 Scenario 2: Deeper Wave 4 correction → retest of demand zone near 1.08, followed by a strong Wave 5 rally.
🧠 Elliott Wave traders, it’s time to stay sharp!
The reaction near the mid-box and support zone could define the next major move for the Euro.
💬 What’s your bias here — is this the start of Wave 5 or a fakeout before a deeper drop?
Comment your view 👇
#EURUSD #ElliottWave #ForexWeekly #GreenFireForex #WaveAnalysis #TechnicalAnalysis #SupplyAndDemand
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.