EUR/USD: Wave (3) Could Drive the Next RallyEUR/USDOANDA:EURUSDforextidingsEURUSD continues to hold a bullish long-term Elliott Wave structure on the weekly chart. The current chart suggests that the large correction from the 2023 high may have ended in January 2025, with the decline forming a possible W-X-Y correction. The January 2025 low near 1.017 is therefore being treated as the end of Wave (2). This low also came close to the 61.8% Fibonacci retracement of Wave (1), which supports the possibility that the correction may have ended. Wave (3) Could Be the Next Major Move The first major upside level on the chart is around 1.1916. A sustained move above this area would strengthen the bullish Wave (3) interpretation and could open the door toward the higher levels. 🎯 EUR/USD Targets Target: 1.1916 Target: 1.2990 Target: 1.4772 The bullish count should be treated as invalid if EUR/USD breaks below the January 2025 Wave (2) low near 1.017. Until then, the larger structure remains constructive, provided price continues to develop as an impulse from the Wave (2) low.