Euro Analysis (Daily Time Frame)
In the past week, EUR experienced a decline from 1.05332 to the key 1.03530 level. The upcoming week will determine whether the euro finds support at this level and reverses or continues its downtrend.
- Main Scenario: If EUR finds support at the current level, it may move towards 1.05332, and if it successfully breaks above this level, the next target will be 1.06302.
- Alternative Scenario: If EUR fails to hold this support and stabilizes below 1.03530, it could extend its decline toward the next low at 1.01776.
Euro Analysis (4-Hour Time Frame)
- Main Scenario: If EUR gets rejected from the current level and breaks above 1.04337, it may continue its upward movement towards 1.05332.
- Alternative Scenario: If the 1.03426 support level is lost and price stabilizes below it, EUR could move toward 1.02664 and 1.01776.
Euro Analysis (15-Minute Time Frame)
- Main Scenario: If EUR stabilizes above 1.03871, its next target will be 1.04337.
- Alternative Scenario: If the above scenario does not occur and EUR breaks below 1.03426, it could extend its decline towards 1.02664.