
Technical Analysis of the Euro – 21th to 25th oct
Euro Analysis (Daily Time Frame) After its recent downward rally, the euro has reached its weekly and daily demand zones. If price support holds, we anticipate an increase to the 1.99606 level, with a potential rise to 1.11037 if this zone is broken. An alternative scenario could see the price reject from 1.99606, leading to a decline to 1.06633. Euro Analysis (4-Hour Time Frame) The euro has broken down from its upward channel and, after touching the high-timeframe demand zone, we expect a price increase to 1.9316. If this area is maintained, confirmation may allow for short positions. An alternative scenario