EURUSD Daily, H4,H1 Forecasts, Technical Analysis & Trading Idea💡 Daily Timeframe:
As forecasted by 4CastMachine AI last week, EURUSD was rejected from the channel line.
💡 H4 Timeframe:
FX:EURUSD started a corrective wave,
This decline may continue, but the support area of 1.1200 ~ 1.0890 could trigger a rebound.
This area, which was previously a major resistance, will become a major support, creating a good buying opportunity.
💡 H1 Timeframe:
The Triangle pattern formed in the price has broken downwards.
The bearish wave is expected to continue as long as the price is below the strong resistance at 1.1334
1.1334 Support is broken now. It will act as a Resistance now!
💡 H1 Forecast:
Correction wave toward the Sell Zone
Another Downward Impulse wave toward Lower TPs
H1 Trading Idea:
Sell now or wait for pullback and Sell on price rejection from 1.1334.
SL: Above 1.1334
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Have a successful week,
ForecastCity Support Team
