Euro Analysis (Daily Time Frame)
The EUR/USD currency pair has declined by 6% from its September highs to its annual lows following the acceleration of inflation in the United States and signals from Jerome Powell that the Federal Reserve is not in a rush to lower the federal funds rate.
Main Scenario: Consider short positions from corrections below the 1.0824 level, targeting 1.0400 – 1.0193.
Alternative Scenario: A breakout and stabilization above the 1.0824 level will allow the pair to continue its upward movement towards the 1.1043 – 1.1210 levels.
Euro Analysis (4-Hour Time Frame)
If the 1.0529 swing high is breached, we anticipate a price increase towards the 1.0681 range. Upon confirmation, it will be possible to enter short positions.
Alternative Scenario: A price decline towards the 1.0441 range, and upon confirmation, one can enter long positions aiming for the 1.0637 and 1.0824 price targets.
Euro Analysis (15-Minute Time Frame)
A price increase is expected towards the 1.0553–1.0558 range. If the price fails to stabilize above this level, and upon confirmation, it will be possible to enter short positions targeting 1.0510.