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EUR/USD - Daily.
As seen on the 24-hour chart, the EUR/USD pair performed a reversal in favor of the US currency and began to fall towards the lower line of the downward trend of the global corridor. The breakdown of the upper line of this corridor did not happen, so at the moment, I expect a further fall in prices. Closing the pair's rate under a small upward corridor will significantly increase the pair's chances of continuing to fall by 150-200 points.
EUR/USD - 4H.
As seen on the 4-hour chart, the EUR/USD pair performed a rebound from the correction level of 61.8% (1.1195) on the Fibonacci grid, built on the extremes of December 31 and January 3, and at the moment almost worked out the goal that I gave the day before - the Fibo level of 0.0% (1.1125). Thus, we can say that the trading idea of selling the euro currency inside the upward corridor is fulfilled. Now it remains to observe the behavior of traders near the lower border of the corridor, fixing under which will work in favor of continuing the fall of the euro-dollar pair.
Forecast for EUR/USD and trading recommendations:
The long-term trading idea remains in force, so it is recommended to wait for the closing of the pair's quotes under the upward small corridor, after which traders will get a target for a fall of about 200 points.
According to the second trading idea, it is recommended to fix the profit around the level of 0.0% (1.1125).
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