EUR/USD Elliott Wave: Impulse Decline from April 17 Peak, Corrective Rally Completed
The decline from the April 17, 2026 peak in EUR/USD is identified as a five-wave impulse, with wave ((i)) at 1.1655 and a subsequent corrective rally in wave ((ii)) that has terminated.
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EUR/USD Elliott Wave Analysis
According to a recent Elliott Wave analysis, the decline in EUR/USD from the April 17, 2026 high is unfolding as a five-wave impulse structure. Wave ((i)) concluded at 1.1655, followed by a corrective rally labeled wave ((ii)) which has now terminated.
The analysis suggests a larger-degree zigzag correction may be in play. Further details are discussed in the accompanying video.
Source: FXStreet Forex News