The rally in EURUSD from the March 14, 2026 low is unfolding as a clear five‑wave impulsive Elliott Wave structure. Wave 1 concluded at 1.164, followed by a corrective pullback in wave 2 that ended at 1.144. The advance in wave 3 reached 1.185, which aligns precisely with the 161.8% Fibonacci extension of wave 1. This measured extension reinforces the probability that another leg higher remains possible, ultimately completing wave 5 and confirming the impulsive sequence.
The internal subdivision of wave 3 developed as another impulsive structure of lesser degree. From the termination of wave 2, wave ((i)) ended at 1.1627, while the corrective dip in wave ((ii)) found support at 1.1505. The pair then extended higher in wave ((iii)) toward 1.172, before a modest pullback in wave ((iv)) concluded at 1.1643. The final leg, wave ((v)), carried prices to 1.185, thereby completing wave 3 in the higher degree count. This precise subdivision underscores the integrity of the impulsive structure and provides clarity for the ongoing correction.
Currently, the market is engaged in a wave 4 pullback, unfolding as a zigzag Elliott Wave structure. From the wave 3 peak, wave ((a)) ended at 1.1729, while wave ((b)) retraced higher to 1.179. The final leg, wave ((c)), is expected to terminate within the 1.159–1.167 zone. This area represents a typical corrective target and should attract buyers, setting the stage for renewed upside momentum. As long as the pivot at 1.144 remains intact, the broader outlook favors continuation higher once the correction completes, supporting the case for a sustained bullish trend.
EURUSD 60-Minute Elliott Wave Chart
EURUSD Elliott Wave Video:
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