Daily technical analysis and forecast for 4 July 2025

Current key level: 1.1717 (consolidation base)
Upside target: 1.1848 (upper Price Envelope boundary)
Downside target: 1.1566 (if breakdown occurs)
Key rotation centre: 1.1430
Outlook: Slight bullish bias. Indicators suggest a potential growth wave to 1.1848, but a breakdown may resume the bearish wave.

📈 Trade idea: Long above 1.1788 → target 1.1848
📉 Short only below 1.1717 → target 1.1566

Current key level: 145.22 (recent correction high)
Next target: 143.73 (support), then 141.70 (extended target)
Key rotation centre: 144.84
Outlook: Bearish bias confirmed by Elliott wave structure. Trend continuation lower is likely.

📉 Trade idea: Short on confirmation below 145.00 → target 143.73, then 141.70
📈 Watch for a bounce at 141.70 for potential corrective move

Support level: 1.3528
Resistance/target: 1.3656 (central consolidation line), then 1.3870 (bullish breakout)
Key rotation centre: 1.3400
Outlook: Mixed – intraday decline likely, then potential bullish reversal.

📉 Trade idea: Short towards 1.3528
📈 Buy bounce from 1.3528 → target 1.3656, possibly 1.3870

📈 Trade idea: Buy dips towards 0.6555 → target 0.6595, then 0.6616
📉 Short only below 0.6535 → target 0.6500

Support zone: 1.3500
Resistance/rotation zone: 1.3666
Outlook: Bearish bias. Market is in consolidation but leaning toward a downside break.

📉 Trade idea: Short below 1.3567 → target 1.3500
📈 Long only on breakout above 1.3666 → target 1.3757

Consolidation zone: 3344 (central line)
Upside target: 3385
Downside target: 3250
Outlook: Mixed – correction upwards to 3385 likely before resuming the downtrend.

📈 Trade idea: Buy towards 3385 (short-term move)
📉 Consider short positions at 3385 for move back to 3250