Technically, against U.S. Dollar, EUR gained quickly, which crossed 1.1265 targeting around 1.1465 last week, technically looking at the chart suggests a wolfi pattern that may initially starts a correction wave and also hitting the price to the diagonal could lead to a slowing price.
Therefore, as it is shown on the H4 chart, we are around ETA of the wolfi wave which in case of a rebound and having 1.1278 level broken, going short to the bottom of the channel is a clear option, and if the price is able to takes out the channel's lower line, an encounter with EPA LINE could be considered.
Note: according to the time divergence, if the price was able to crosses 1.1400, PRZ for reversal would be 1.1465.
Resistances: 1.1465, 1.1640
Supports: 1.1095, 1.1265
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Therefore, as it is shown on the H4 chart, we are around ETA of the wolfi wave which in case of a rebound and having 1.1278 level broken, going short to the bottom of the channel is a clear option, and if the price is able to takes out the channel's lower line, an encounter with EPA LINE could be considered.
Note: according to the time divergence, if the price was able to crosses 1.1400, PRZ for reversal would be 1.1465.
Resistances: 1.1465, 1.1640
Supports: 1.1095, 1.1265
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