Euro Analysis (Daily Time Frame)
Over the past week, the Euro attempted to reclaim its previous high but failed. As mentioned in last week’s analysis, the Euro remains in a bearish trend.
- Main Scenario: If the Euro breaks and stabilizes below the key support level of 1.02240, the next target will be 0.99382.
- Alternative Scenario: If the Euro moves upward and reclaims the 1.04380 resistance level, the next targets will be 1.05346 and 1.06302, respectively.
Euro Analysis (4-Hour Time Frame)
- Main Scenario: If the Euro breaks below the 1.02240 support level and stabilizes, the next target will be the 0.99382 range.
- Alternative Scenario: If the Euro moves upward and stabilizes above the 1.03122 level, the next targets will be 1.03763 and 1.04380.
Euro Analysis (15-Minute Time Frame)
- Main Scenario: If the Euro breaks and stabilizes above the 1.02505 level, the next targets will be 1.02783 and 1.03122.
- Alternative Scenario: If the Euro breaks below the 1.02351 support level, the next target will be the 1.02137 zone.