Elliott Wave Analysis for EUR/USD - Bullish Outlook

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EURUSD
This analysis is based on the application of Elliott Wave principles for the EUR/USD market on a weekly timeframe.

💡 Wave Identification:

Corrective Cycle (ABC): After a peak marked by wave B, the market completed a 5-wave downward structure (waves 1 to 5), forming wave C, signaling a possible end of the correction.
Potential Reversal Zone (2/B): The current point is a strategic level where a bullish rebound is anticipated.
📊 Projection:
A bullish impulse is expected from point C. The initial target lies in the 1.1140 - 1.1217 zone, corresponding to key resistance levels and Fibonacci projections.

🧠 Conclusion:
A breakout above 1.0440 could confirm a significant bullish impulse, suggesting buyers are regaining control.

⚠️ Disclaimer: This analysis is not financial advice. Always conduct your own research before investing.

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تم فتح الصفقة

EUR/USD 4H Analysis - Feb 13, 2025

The EUR/USD pair is currently showing a slight decline, closing at 1.04154, down by 0.18%. The pair has been trading within a range, with the high at 1.04398 and the low at 1.04099. Key levels to watch include the resistance at 1.04482 and support at 1.04154.

The market sentiment appears to be cautious, with potential for further downward movement if the support level is breached. Traders should monitor the 1.04000 psychological level, as a break below could signal a continuation of the bearish trend.

On the upside, a move above 1.04482 could indicate a shift towards bullish momentum, potentially targeting the 1.05000 level.

Key Levels
- Resistance: 1.04482, 1.05000
- Support: 1.04154, 1.04000

Strategy:
- Consider short positions if the price breaks below 1.04000 with a target towards 1.03000.
- Look for long opportunities if the price sustains above 1.04482, targeting 1.05000.

Always manage risk appropriately and consider broader market conditions before entering trades.

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ملاحظة

Bearish Scenario:

If the price breaks below 1.03829, consider short positions with a target of 1.02186.

A further breakdown could test 1.01748.