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

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💡 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:
  1. Correction wave toward the Buy Zone
  2. Another Downward Impulse wave toward Lower TPs

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