(EUR | USD) Forex Trading Analysis Today Forex Forecast | JUL 05, 2023 | EURUSD Analysis

Forex Trading Analysis

Hello Guys today is Friday, July 5th, 2024 I am going to analyze the EURUSD currency pair let us start the top-to-bottom wave analysis inside the daily time frame the trend is up in euro dollar currency here daily time frame resistance is present at 1.138 price level price action is most likely going to move sideways to complete bullish wave B triangle Eli wave pattern after that I expect bearish wave C zigzag corrective leg in coming trading days uh decisive bullish break out above 1.138 resistance area is going to end downtrend daily chart of Euro versus United States dollar currency pair

At 4hour time frame price action is printing higher swing highs and higher swing lows to me euro-dollar pair Trend looks up in 4Hour time frame

At 1 hour time frame the trend is up in 1 hour chart intraday support is present at 1.79 price level price action is the most likely going to drop to print bearish WX pullback and then rise up to print bullish with Z triple zigzag leg which offers a chance to join an uptrend in euro dollar pair uh decisive bearish break below 1.79 support level is going to end up Trend in 1-hour chart of Euro versus United States dollar currency pair

More specifically the green color the highlighted area offers a buying opportunity which is the previous WB of one lesser