Euro Analysis (Daily Time Frame)
EUR/USD Technical Analysis (Daily Timeframe)
As mentioned in last week’s primary scenario, EUR/USD experienced a strong upward move and managed to reach the mentioned zone of 1.07616 and even higher. It remains to be seen how long buyers will maintain control in the upcoming week.
Main Scenario (Higher Probability): Since EUR/USD’s upward move was strong and backed by high momentum, a pullback followed by another upward move is expected. Therefore, if a correction starts in the upcoming week, the completion of the pullback is anticipated around the 1.06314 or 1.05286 zones.
Alternative Scenario (Lower Probability): If the trading week starts with strong buying pressure, EUR/USD could break the key 1.09372 resistance, complete its pullback, and continue moving toward higher zones.
Euro Analysis (4-Hour Time Frame)
Main Scenario: Given the strong upward momentum in EUR/USD, the outlook remains bullish. However, since the pair has returned to the long-term ascending trendline (previously broken) and faces the significant static resistance at 1.09379, a corrective move downward is expected from this zone or slightly higher. If EUR/USD breaks below 1.07616, the next target will be the key 1.06310 support area.
Alternative Scenario: If the above scenario does not occur and EUR/USD continues its strong bullish momentum, breaking above 1.09379, the pair may target the significant resistance at 1.12148.
Euro Analysis (15-Minute Time Frame)
Main Scenario: Considering the significant dynamic zone where EUR/USD is currently positioned and the formation of a lower high on this timeframe, a break below 1.08258 could lead to a move toward the 1.07816 area.
Alternative Scenario: If the primary scenario fails to materialize and EUR/USD breaks and stabilizes above 1.08515, the first target will be the 1.08893 resistance zone.