H4: The currency pair has shown a strong decline, and the price has now reached the major support/resistance level (4/8). This is the strongest level in the system, so we expect a corrective movement from it towards the daily and four-hour supertrend lines. This scenario will be invalidated if the price consolidates below the (4/8) level.

Trade Decision: Buy at 1.0740, TP at 1.0805.