Euro Analysis (Daily Time Frame)
Donald Trump’s first presidential term has proven that he can be trusted. Therefore, the bullish retracement in the Euro presents a great opportunity to open sell positions, targeting 1.06 and 1.05 levels. On the other hand, it will take time for the promises of the Republican Party to be fulfilled, as Trump will soon move into the White House. Additionally, there may be a discrepancy between his words and actions, which could reduce Trump’s influence and lead to a decline in the EUR/USD pair.
Main Scenario: Consider sell positions from corrections below the 1.0946 level, with targets at 1.0605 – 1.0400.
Alternative Scenario: A breakout and stabilization above the 1.0946 level would allow the pair to continue rising toward the 1.1043 – 1.1210 levels.
Euro Analysis (4-Hour Time Frame)
Main Scenario: We expect the price to rise to the 1.08260 range. If the swing highs are broken, a further increase to the 1.09920 level is likely.
Alternative Scenario: If the 1.08270 support holds, a price decline toward the 1.06113 range is possible.
Euro Analysis (15-Minute Time Frame)
Main Scenario: A price increase to 1.08448 is expected. If the resistance level holds, a potential sell trade could be considered.
Alternative Scenario: If the 1.08580 level is broken, the price may rise further to the 1.09480 range.
This analysis provides a detailed view of key price levels and scenarios for the EUR/USD pair, helping to identify possible entry and exit points for traders in the coming week.