The expected fall of the Euro Dollar

The published EUR/USD forecast is justified and now the pair has fallen to the daily EMA levels, as I expected. Thus, the local uptrend can be considered broken, and the daily uptrend continues the correction, which is limited by the support of the ЕМА on the daily chart (levels 1.05450 and 1.05300). The further break of the daily EMAs would be a strong marker for further declines. However, if these levels are broken, the further decline will be influenced by 1.04900 and 1.03750 support levels. MACD on the weekly chart is close to a sell signal, which also indicates the importance of the current support. I suppose that breaking through 1.05300 and further 1.04900 will not be easy and the formation of a local correction and possibly a transition to a horizontal movement on the four-hour chart are expected. At the same time, the level that can be reached with a temporary increase is simply visible on the daily chart. In case a local correction is formed, it will be a part of the head and shoulders pattern, with the shoulder level at 1.07100 and the prospect of a fall after it is reached. At the moment, this is a priority option, provided that the current support area is not broken below 1.04900.