empty
InstaForex - Official partner of Dragon Racing
InstaForex - Official partner of Dragon Racing
This section is designed for those who are just starting their trading journey. InstaForex educational and analytical materials will meet your training needs. Our experts' recommendations will make your first steps to trading success simple and clear.
Start as Beginner
How to start trading
Useful information
Training and recordings
InstaForex innovative services are an essential element of productive investment. We strive to provide our clients with advanced technical capabilities and make their trading routine comfortable as we are recognized as the best broker in this regard.
Become Investor
PAMM System
ForexCopy System
Passive investments
Partnership with InstaForex is beneficial and top-tier. Join our affiliate programs and enjoy bonuses, partner rewards, and the possibility to travel with the team of the world-renowned brand.
Become Partner
Main Page
Partner Area
Advantages for Affiliates
Registration
This section contains the most lucrative offers from InstaForex. Receive bonuses when topping up an account, compete with other traders, and get real prizes even when trading in a demo account.
All Promo Campaigns
Bonuses
Contests
Events
Holidays with InstaForex are not only pleasant but also useful. We offer a one-stop portal, numerous forums, and corporate blogs, where traders can exchange experiences and become successfully integrated into the Forex community.
Full details
Forums
We are in social networks
Forex humour
Forex Portal
InstaForex is an international brand created in 2007. The company provides services for online FX trading and is recognized as one of the world's leading brokers. We have won the trust of more than 7,000,000 retail traders, who have already appreciated our reliability and focus on innovations.
Learn More
History
Why Choose Us
InstaSport
Regulation
Company News
Awards
InstaForex Stars
InstaForex Offline
Key documents
Social Responsibility
17.02.2025 03:47 PM
EUR/USD Analysis – February 17th: Does the Euro Have Enough Strength?
Open trading account Open demo account

This image is no longer relevant

The wave pattern on the 4-hour chart remains clear. Since September 25, a new downward structure has been forming, which took the shape of a five-wave impulse movement. As expected, the fifth wave developed into a convincing structure and now appears complete. If this assumption is correct, then a corrective upward structure has begun, which should consist of at least three waves.

The first wave in this correction formed a clear structure, leading me to believe that the second wave will also take a distinct three-wave form.

Overall, the current wave structure is straightforward, and the fundamental background still favors sellers. Recent U.S. reports indicate that the economy remains strong, with no signs of recession. The Federal Reserve is proceeding cautiously with policy easing, while the ECB remains more aggressive in rate cuts. This divergence suggests that, in the long term, the U.S. dollar should remain in demand. However, for now, the market is undergoing a correction.

On Monday, the EUR/USD pair declined slightly, but further movement remains possible before the day ends. Since there were no major economic releases, I do not expect significant price swings before the market closes.

The current wave (c) remains unfinished because its peak has not yet exceeded wave (a)'s high. Therefore, I anticipate a slight increase in the euro before the correction completes. Once this occurs, the second wave correction could conclude at any moment, forming a convincing three-wave structure.

The next market movement will depend on traders' sentiment. If participants need more time before transitioning into wave 3 of the downtrend, then wave 2 could extend into a five-wave formation.

Last week's price action showed that EUR/USD movements are not entirely dependent on fundamentals. European economic data remained weak, yet euro demand increased. However, I believe that selling opportunities should be considered near the upper points of wave (c) in wave 2 or the potential wave (e) in wave 2 (if formed).

It is also important to note that individual waves can sometimes take unusual shapes. The key is to understand the broader wave structure, which currently remains well-defined.

This image is no longer relevant

General Conclusions

Based on this EUR/USD analysis, I conclude that the downtrend structure remains intact. Currently, the first wave of this trend appears complete, indicating that the next phase should be a corrective three-wave movement or a more complex formation. Selling opportunities should be sought at the highest points of this correction.

The first wave of the assumed wave 2 has been completed, and wave (b) in wave 2 is also finished. I now expect a convincing wave (c) in wave 2.

On a higher time frame, the wave structure is shifting into an impulsive formation. This suggests a potential long-term bearish cycle, though its length and structure remain uncertain at this stage.

Key Principles of My Analysis:

  1. Wave structures should be simple and clear—complex formations are harder to trade and often subject to changes.
  2. If market conditions are unclear, it is better to stay out of the market.
  3. There is never 100% certainty in price direction. Always use Stop Loss orders to manage risk.
  4. Wave analysis can be combined with other analytical methods and trading strategies to enhance decision-making.
Chin Zhao,
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
All Analytics
Fundamental analysis
XAU/USD. Analysis and Forecast Gold has halted its upward movement as it attempts to consolidate at new all-time highs around $3,045, with bulls taking a pause ahead of the FOMC meeting results. The Federal
Irina Yanina
10:41 2025-03-19 +02:00
1015
Crypto-currencies
Trading Recommendations for the Cryptocurrency Market on March 19 Bitcoin and Ethereum faced challenges again after a recent sell-off on the U.S. stock market, but buyers and major players once again showed their strength, purchasing all downward movements
Miroslaw Bawulski
10:01 2025-03-19 +02:00
1180
Breaking Forecast Trading Plan Cryptocurrencies USD/RUB Russian Economy Video Analysis
Trading Instruments
EURUSD GBPUSD USDCHF USDCAD USDJPY AUDUSD EURGBP EURJPY NZDUSD EURNZD Silver Gold #CL #USDX COVID-19 Bitcoin
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

GBP/USD Analysis – March 18th

The wave structure for GBP/USD remains somewhat ambiguous yet generally clear. At present, there is a high probability that a long-term downward trend is forming. Wave 5 has taken
Chin Zhao 18:45 2025-03-18 UTC+2

EUR/USD Analysis – March 18th

The wave structure on the four-hour chart is at risk of transforming into a more complex formation. A new downward wave structure began forming on September 25, taking the shape
Chin Zhao 18:43 2025-03-18 UTC+2

EUR/USD Analysis – March 17th

The 4-hour wave analysis for EUR/USD is at risk of transforming into a more complex structure. A new downward trend began on September 25, taking the form of a five-wave
Chin Zhao 17:34 2025-03-17 UTC+2

Weekly Forecast Based on Simplified Wave Analysis for GBP/USD, AUD/USD, USD/CHF, EUR/JPY, #Ethereum, and #Litecoin – March 17th

GBP/USD Since January, an upward wave has been forming on the GBP/USD chart. The wave structure analysis shows that this wave remains incomplete. After breaking through another resistance level
Isabel Clark 09:34 2025-03-17 UTC+2

Weekly Forecast Based on Simplified Wave Analysis for EUR/USD, USD/JPY, GBP/JPY, USD/CAD, #Bitcoin, and #Ripple – March 17th

Since February 3 of this year, the chart of the euro has been forming an upward wave zigzag. The wave structure analysis indicates that a correction is forming
Isabel Clark 09:23 2025-03-17 UTC+2

Weekly Forecast BasSimplified Wave Analysis for GBP/USD, AUD/USD, USD/CHF, EUR/JPY, Ethereum, and Litecoin on March 10th

Analysis:The upward wave that started on January 13th remains incomplete, forming a new segment of the dominant global uptrend. The pair is currently trading within a narrow range between opposing
Isabel Clark 09:26 2025-03-10 UTC+2

Weekly Forecast Based on Simplified Wave Analysis for EUR/USD, USD/JPY, GBP/JPY, USD/CAD, GOLD, and Bitcoin on March 10th

Analysis:Since early February, the euro has been forming an upward zigzag wave, marking the beginning of a new bullish trend. The pair has reached a significant potential reversal zone
Isabel Clark 09:20 2025-03-10 UTC+2

GBP/USD Analysis – March 5th: The Pound Benefits from Trump

The wave structure for GBP/USD remains somewhat ambiguous but still largely understandable. Currently, the likelihood of forming a long-term downward trend remains high. Wave 5 has taken a convincing shape
Chin Zhao 19:25 2025-03-05 UTC+2

EUR/USD Analysis – March 5th

The wave pattern on the 4-hour EUR/USD chart appears clear and structured. A new downward cycle began on September 25, forming a five-wave impulse structure. Two months ago, a corrective
Chin Zhao 19:23 2025-03-05 UTC+2

GBP/USD Analysis – March 4th

The wave structure of the GBP/USD instrument remains somewhat ambiguous but still comprehensible. At present, there is a high probability of forming a long-term bearish trend segment. Wave
Chin Zhao 18:35 2025-03-04 UTC+2

Top analytics

Relevance up to 23:00 2025-03-19 UTC--4
EUR/USD Forecast for March 19, 2025
05:05 2025-03-19
Technical analysis
Relevance up to 22:00 2025-03-19 UTC--4
GBP/USD Forecast for March 19, 2025
05:05 2025-03-19
Technical analysis
Relevance up to 21:00 2025-03-19 UTC--4
EUR/USD Pair Overview – March 19: What Will the Fed Meeting Change?
03:34 2025-03-19
Fundamental analysis
Relevance up to 00:00 2025-03-21 UTC--4
EUR/USD and GBP/USD March 19 – Technical Analysis
06:36 2025-03-19
Technical analysis
Relevance up to 02:00 2025-03-20 UTC--4
Intraday Strategies for Beginner Traders on March 19
08:38 2025-03-19
Forecast
Can't speak right now?
Ask your question in the chat.
Widget callback
Callback widget
 

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.