The EURX is presently in a pullback phase, that technical analysts would call a pullback an overall bullish trend. This correction is done in a three-wave structure, often seen in Elliott Wave Analysis. According to market experts, the EURX is due for a reversal, with upside movement likely as early as this week.
As of now, we are in wave 4 of this long-term uptrend. Throughout this retracement phase, the EURX has made a more profound reconsolidation at significant Fibonacci area. The pullback was supported just underneath at precisely 1.09. At the same time, the 1.11 figure emerges as a significant magnet point, almost perfectly aligning with the 38.2% Fibonacci retracement. Our analysis shows that the pullback is well within the realm of normalcy. It is supposed to raise the bar for future increases.
In the EURX, if price manages to break above 1.3 barrier it would add momentum for waves 5. This development will increase positive mood among traders. EURX, daily chart – bullish trend resuming. All of this trend could push prices up, contrary to the belief of those in the market.
On May 12, 2025, we welcomed a captivated audience to an exciting live webinar that dove deep into the EURX. Participants walked away with exclusive analysis of its current trading environment and future outlook. If you’re looking for more detailed direction, take a look at the premium EURX Elliott Wave Analysis. This offer is for a limited time 14-day trial and gives traders the ability to make more informed decisions based on professional predictions.
As the market conditions continue to change, all traders’ eyes are still trained on the EURX. The trend’s expected reversal holds some truly exciting possibilities for investors. Those willing to bet on the success of this trend in the currency market will be greatly rewarded.