
Technical Analysis of the Euro – 30th dec to 3rd jan
Euro Analysis (Daily Time Frame) In the past week, EUR, like other markets, remained range-bound and concluded the week without significant movement. Primary Scenario: Considering the previous bearish leg and the break below 1.06083 last month, the outlook remains bearish. If EUR breaks below 1.03433, the next target will be 1.02240. Alternative Scenario: If EUR reverses upward and reclaims 1.06083 with stabilization above it, the next targets will be 1.07640 and 1.09358. Euro Analysis (4-Hour Time Frame) Primary Scenario: A downward movement is expected from the current levels. If EUR breaks below 1.03433, the next target will be 1.02240. Alternative Scenario: