Sergey Diakov
According to Elliottwave Forecast, the pair is expected to move toward the 1.1670 - 1.1812 range, provided this week's low near 1.1442 holds.
The 1.1442 Level That Defines the EUR/USD Bias
The chart highlights a clear invalidation level at 1.1442, marking this week's low.
This level acts as the key threshold for the current outlook - as long as price stays above it, the bullish scenario remains valid. The structure does not favor short positions under current conditions, reinforcing a directional bias to the upside.
A Structure Pointing Higher
Recent price action shows EUR/USD recovering and holding above its recent lows, indicating stabilization rather than continued downside. The chart does not suggest a breakdown structure - instead, it reflects a market maintaining strength above key support, aligning with a continuation setup.
This type of behavior has been observed in similar setups as well. In EUR/USD Hits 1.16 Blue Box Support - Elliott Wave Bounce Expected, holding key zones supported further upside in a comparable way.
EUR/USD Target Zone: 1.1670 - 1.1812 in Focus
The projected upside range between 1.1670 and 1.1812 represents the next key area of interest. This zone acts as the primary objective under the current structure, with price expected to gradually move toward it as long as support holds. The path suggests continuation rather than aggressive breakout conditions.
Comparable scenarios - including EUR/USD Forecast: Bullish Structure Targets 1.1750 Liquidity and EUR/USD Eyes 1.18: Elliott Wave Structure Points to 1.1670 - 1.1812 Target Zone - also highlight how maintaining higher lows keeps upside targets in play.
Maintaining higher lows keeps upside targets in play as long as key support holds
EUR/USD remains structurally supported, with 1.1442 acting as the key level that preserves the bullish outlook while the market continues to target higher ground.
Sergey Diakov
