Analysis of the EUR / USD pair and the expected new movement

Potential Buying Scenario for the EUR/USD .

 

The EUR/USD pair is still moving in a general uptrend on the daily timeframe.

On the 4-hour timeframe, there is a bearish correction wave.

The wave may extend to the specified demand zones at 1.1433.

In the event of a rebound from the demand zones and a break of the indicated downtrend,

a rise is expected to reach the specified targets at 1.1540 and 1.1610.

In the event of a break of the specified demand zones and a close below them,

specifically, a close below 1.13730,

the decline is expected to continue further, reaching the next demand zones,

located at 1.12600.

From there, we may see a return to the upside, but the current areas remain

the best buying areas available because they are considered overlapping with the daily timeframe.