Euro Analysis (Daily Time Frame)
On higher time frames, the Euro has formed an unreadable range. However, in the daily time frame, it is in an upward trend and approaching the upper boundary of the ascending channel.
The range between 1.1250 and 1.1270 presents an opportunity for sell positions. If the price breaks through this strong resistance, we will see a convergence of the weekly and daily Philip zones around the 1.33 level, which would be valuable for entering sell trades.
For potential buy positions, consider the ranges around 1.10 and 1.95. Monitoring these levels will be crucial for identifying trading opportunities.
Euro Analysis (4-Hour Time Frame)
In the 4-hour time frame, the Euro is in an upward trend. After hitting the Philip zone, the price has been rejected, forming a compression pattern in the lower time frames. A price drop is expected from this area, targeting the magnet zone. If this area is broken, the price could continue to decline, aiming to fill the imbalances in the lower zones.
Buy positions can be tested from the green-marked areas after confirmation, as these zones may provide good opportunities for reversal or bounce trades.