Euro Analysis (Daily Time Frame)
Last week, the Euro found support around 1.02232 and, after breaking the critical resistance at 1.04373, advanced to the 1.04953 zone.
- Primary Scenario: Based on the close of the last daily trading candle, the Euro could initially aim for the 1.06301 resistance. If it breaks and stabilizes above this level, the next target will be 1.07692.
- Alternative Scenario: If the Euro reverses and stabilizes below 1.04373, it could decline further towards the 1.01794 support zone.
Euro Analysis (4-Hour Time Frame)
- Primary Scenario: If the Euro breaks above the 1.05346 resistance, the next target will be 1.06301.
- Alternative Scenario: If the price reverses and drops below 1.04373, the Euro could move towards the 1.03443 support level as the next step.
Euro Analysis (15-Minute Time Frame)
- Primary Scenario: If the price moves downward, the first support level is 1.04641, and upon breaking this, the next target will be the key zone at 1.04373.
- Alternative Scenario: If the Euro moves upward and breaks above the 1.05216 resistance, the next target will be 1.06301.