empty
13.09.2021 04:07 PM
Wave analysis of EUR/USD for September 13, 2021

EUR/USD, H4:

This image is no longer relevant

The current structure of EUR/USD indicates that a long corrective wave 4 has been built on the market, which looks fully completed. This wave consists of subwaves [A]-[B]-[C] and is a wave plane.

After the full completion of correction 4, we saw a rise in the currency pair in the initial part of a new bullish trend, i.e. in impulse 1. After the completion of wave 1, the market began to correct rather quickly in wave 2. Correction 2 will likely be completed in the area of the target level 1.172. At this level, the value of the entire correction 2 will amount to 76.4% of impulse wave 1. After the full completion of correction 2, the market may rise above the level of 1.1911.

Today, at 13:30 UTC, ECB President Christine Lagarde is scheduled to give a speech. The head of the European Central Bank sets short-term interest rates and has a decisive influence on the euro exchange rate.

Trading recommendations: It is possible to open short positions from the current level with the target at 1.172.

Roman Onegin,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Roman Onegin
Start trade
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

GBP/USD Analysis on July 22, 2025

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

Chin Zhao 20:26 2025-07-22 UTC+2

EUR/USD Analysis on July 22, 2025

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

Chin Zhao 20:23 2025-07-22 UTC+2

GBP/USD Analysis on July 21, 2025

The wave pattern of the GBP/USD pair continues to indicate the formation of a bullish impulse wave pattern. The wave picture closely resembles that of the EUR/USD pair

Chin Zhao 20:14 2025-07-21 UTC+2

EUR/USD Analysis on July 21, 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, supported by the news background that favors

Chin Zhao 20:06 2025-07-21 UTC+2

Weekly Forecast Using Simplified Wave Analysis for GBP/USD, AUD/USD, USD/CHF, EUR/JPY, AUD/JPY, and USD Dollar Index – July 21st

GBP/USD Analysis: The British pound continues its downward movement, which began a month ago. After breaking a strong intermediate support level last week, the pair rebounded, forming a correction along

Isabel Clark 11:22 2025-07-21 UTC+2

Weekly Forecast Using Simplified Wave Analysis for EUR/USD, USD/JPY, GBP/JPY, USD/CAD, NZD/USD, and GOLD – July 21st

EUR/USD Analysis:The upward trend in the main euro pair, which began in February this year, has brought the quotes to the lower boundary of a broad potential reversal zone

Isabel Clark 11:05 2025-07-21 UTC+2

GBP/USD Analysis on July 18, 2025

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

Chin Zhao 21:34 2025-07-18 UTC+2

EUR/USD Analysis on July 18, 2025

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

Chin Zhao 21:21 2025-07-18 UTC+2

EUR/USD Analysis on July 17, 2025

The wave pattern on the 4-hour EUR/USD chart has remained unchanged for several consecutive months. The upward segment of the trend is still developing, while the news background continues

Chin Zhao 19:27 2025-07-17 UTC+2

GBP/USD Analysis on July 16, 2025

The wave pattern for GBP/USD continues to indicate the formation of a bullish impulse wave pattern. The wave configuration is almost identical to that of EUR/USD, since the U.S. dollar

Chin Zhao 20:59 2025-07-16 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.