EURUSD Daily, H4,H1 Forecasts, Technical Analysis & Trading Idea

💡 Daily Timeframe:

As forecasted by 4CastMachine AI last week, EURUSD started corrective decline.
This decline may continue, but the support area of 1.0732 could trigger a rebound.
If this area is broken, the price will decline to the support area of 1.0600 to 1.0527.
This area, which was previously a major resistance, will become a major support, creating a good buying opportunity.
So, given the long-term uptrend, we can use this area as a long-term BUY ZONE.

💡 H4 Timeframe:

The Downtrend was a corrective wave and is broken now. It suggests we will soon see another leg higher.

💡 H1 Timeframe:

The price is in an UpTrend.
The bullish wave is expected to continue as long as the price is above the strong Support at 1.0732
1.0802 resistance is broken now. It will act as a support now!

Forecast:

Correction wave toward the Buy Zone
Another Downward Impulse wave toward Lower TPs

Navid_Jafarian

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Navid_Jafarian

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