Euro Analysis (Daily Time Frame)
As in previous weeks, the Euro is still in a downward trend, but this trend weakened slightly in the past week. It remains to be seen whether it can make a strong reversal from this area.
Main Scenario: If the price moves upwards and breaks and stabilizes above the 1.04528 level, the next targets for the Euro could be the 1.06279 and 1.07692 areas.
Alternative Scenario: If the downward movement continues and the key support is lost, with a break and stabilization below the 1.0794 level, the next target for the Euro could be the 0.99828 area.
Euro Analysis (4-Hour Time Frame)
Main Scenario: If the price moves upward and breaks and stabilizes above the 1.03542 resistance, the next target for the Euro will be the 1.04528 area.
Alternative Scenario: If the price breaks and stabilizes below the 1.02599 support, the Euro could move toward the 1.01794 support.
Euro Analysis (15-Minute Time Frame)
Main Scenario: If the price reverses from the current area, the Euro will first move toward 1.03309, and then 1.03548.
Alternative Scenario: If there is no reversal from the current level and the downward movement continues, with a break below the 1.02653 support, the next target for the Euro will be the 1.02388 support.