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:

• 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:

1. Correction wave toward the Sell Zone
   
2. 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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ForecastCity Support Team