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 includes breaking the 1.09552 level and rising to the 1.10258 area, targeting price levels of 1.07479 and 1.07123. The resistance levels for the euro in short trades are 1.10993, 1.11708, and 1.11195. The marked green zones indicate valuable areas for buy trades.
Euro Analysis (15-Minute Time Frame)
After being oversold, the euro shows upward momentum. Upon encountering the BTBE zone, we expect another price decline. If this zone is broken, a price increase to 1.09045 is possible. The next targets for the euro in short trades could be 1.07873 and 1.07479.