Hello fellow traders,

In this technical article we’re going to take a look at the Elliott Wave charts charts of EURUSD forex pair published in members area of the website. As our members know, recently EURUSD made a 3-wave pullback that completed right at the equal legs level. In the following sections, we will analyze the charts and explain the Elliott Wave forecast.

EURUSD Elliott Wave 1  Hour  Chart 02.07.2025

EURUSD ended cycle from the 1.0205 low as 5 waves structure- wave ((i)) black. The pair is currently giving us pull back against the 1.0205  low.  Equal legs area is already reached at 1.0320-1.0262 area.  We are aware that pull back can complete any moment.  Although we expect to see rally from the marked area, we don’t recommend forcing the trades at this stage.

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EURUSD Elliott Wave 1  Hour  Chart 02.07.2025

The pair found buyers in the 1.0320-1.0262 area as expected and completed the correction at the 1.0286 low. We’d like to see a break of the ((i)) black peak to confirm further upward movement toward the 1.05129-1.05671 area.

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Elliott Wave Forecast

Thank you for exploring our EURUSD Forecast with us. While we analyze 78 instruments, it’s important to remember that not every chart represents a trading recommendation. For official trading signals, we invite you to join our Live Trading Room, where we provide actionable insights in real-time. If you’re not yet a member, take advantage of our 14-day trial to unlock new trading opportunities.

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