EURUSD(EURUSD) is currently moving near the Heavy Support zone($1.040-$1.022), Potential Reversal Zone(PRZ)[$1.0370-$1.0328], and an Important Support line.
According to Elliott's wave theory, EURUSD is completing microwave 5 of the main wave 5, so we should expect bullish waves soon.
Also, Regular Divergence (RD+) between Consecutive Valleys.
I expect EURUSD to rise to at least $1.049AFTER the Downtrend line is broken, and if the Resistance zone($1.040-$1.022) is broken, we have to wait for further increases.
⚠️Note: If EURUSD breaks the Important Support line, we can also expect the break of the Heavy Support zone($1.040-$1.022).⚠️
Euro/U.S.Dollar Analyze (EURUSD), 4-hour Time frame ⏰.
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