EURUSD Wave Analysis

EURUSD: near-term bearish technical bias. The break below the 1.1500/Fibonacci support zone strengthens the downside case in the article’s Elliott-wave count. It identifies 1.1360 as a nearer support and 1.13 as the broader wave target; these are technical reference points, not guaranteed destinations.

For traders, the move matters chiefly as a potential continuation signal: sustained trading below the broken zone would keep pressure on EURUSD, while a recovery back above it would weaken the breakdown interpretation and raise the risk of a false break. The analysis offers no new fundamental evidence about euro-area growth, US data, or ECB/Fed policy, so any wider EUR or USD implications remain unconfirmed. Watch whether price holds below the former support and whether subsequent economic or central-bank developments reinforce or contradict the technical picture.