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ForexMedium•13 February 2026•

1 min read

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

Two central bankers, Christine Lagarde and Thomas Jordan, with EU and Swiss flags, Euro and Swiss Franc symbols, and coins.

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.

Sources:

4 months ago

Version History

Version 14 months ago

What changed: The update specifies that the Elliott Wave analysis for EURUSD was conducted using 1-hour charts, adding a crucial detail to the technical assessment.