EURUSD Rally Signals Further Upside on Elliott Wave Analysis from 1-Hour Charts

ActionForex technical analysis, based on the past performance of 1-hour charts, indicates a bullish outlook for the EURUSD currency pair. The rally from the November 5, 2025 low is unfolding as a diagonal pattern, according to Elliott Wave theory. This pattern has consistently shown a higher high sequence, suggesting potential for further upward extension. The analysis was further validated by a 'perfect Blue Box Reaction', confirming the strength of the observed wave structure. This technical confirmation points towards continued momentum for EURUSD in the near term, based on these chart patterns.