empty
24.08.2021 12:45 PM
Wave analysis for EUR/USD on August 24, 2021

EUR/USD, H4 time frame:

This image is no longer relevant

Let's continue to analyze the situation of the EUR/USD pair.

From a global point of view, the final part of the bullish five-wave impulse is formed at the higher wave level. It is very possible that the market has completed forming the horizontal correction wave 4, which took the form of a wave plane [A]-[B]-[C].

At a lower wave level, we saw a price reversal and the beginning of its growth immediately after the end of the impulse price decline in the sub-wave [C]. That is, there was a formation of the initial part of a new bullish wave in the last section of the chart.

The nearest target is located at the level of 1.1806, where a small correction 4 completed its development.

Trading recommendations:

Currently, it is possible to consider the opening buy deals with the aim of taking at the level of 1.1806.

Roman Onegin,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

EUR/USD Analysis on July 8, 2025

The wave pattern on the 4-hour EUR/USD chart has remained consistent for several months. The upward trend segment continues to form, and the news backdrop continues to support all currencies

Chin Zhao 20:00 2025-07-08 UTC+2

GBP/USD Analysis on July 8, 2025

The wave pattern for GBP/USD continues to indicate the formation of a bullish impulse structure. The wave pattern is nearly identical to that of EUR/USD, as the U.S. dollar remains

Chin Zhao 19:46 2025-07-08 UTC+2

GBP/USD Analysis on July 7, 2025

The wave pattern for GBP/USD continues to indicate the formation of a bullish impulse wave pattern. The wave picture is nearly identical to that of EUR/USD because the sole factor

Chin Zhao 20:08 2025-07-07 UTC+2

EUR/USD Analysis on July 7, 2025

The wave pattern on the 4-hour EUR/USD chart has remained unchanged for several months. The formation of an upward trend segment continues, and the news background continues to support

Chin Zhao 20:05 2025-07-07 UTC+2

GBP/USD Analysis on July 2, 2025

The wave pattern for GBP/USD continues to suggest the formation of an upward impulsive wave sequence. The wave pattern closely resembles that of EUR/USD, since the U.S. dollar remains

Chin Zhao 20:33 2025-07-02 UTC+2

EUR/USD Analysis on July 2, 2025

The wave pattern on the 4-hour chart for EUR/USD continues to indicate the formation of an upward trend segment. The trade war initiated by Donald Trump was intended to boost

Chin Zhao 20:31 2025-07-02 UTC+2

GBP/USD Analysis on June 30, 2025

The wave pattern for GBP/USD continues to suggest the formation of an upward impulsive wave pattern. The wave picture is nearly identical to that of EUR/USD, as the U.S. dollar

Chin Zhao 20:00 2025-06-30 UTC+2

EUR/USD Analysis on June 30, 2025

The wave pattern on the 4-hour chart for EUR/USD continues to indicate the formation of an upward trend segment. Until February 28, when the U.S. dollar began to decline

Chin Zhao 19:47 2025-06-30 UTC+2

Weekly Forecast Based on Simplified Wave Analysis for GBP/USD, AUD/USD, USD/CHF, EUR/JPY, EUR/CHF, and the US Dollar Index as of June 30th

In the coming trading days, the British pound is expected to continue its sideways movement. A return to the resistance zone is likely, followed by a possible reversal and resumption

Isabel Clark 11:27 2025-06-30 UTC+2

Weekly Forecast Based on Simplified Wave Analysis for EUR/USD, USD/JPY, GBP/JPY, USD/CAD, NZD/USD, and GOLD as of June 30th

In the coming days, the euro is expected to remain in a sideways flat phase. Near the calculated resistance area, there is a high chance of a pause

Isabel Clark 10:57 2025-06-30 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.