Euro Analysis (Daily Time Frame)
Over the past week, the Euro continued its downward trend, reaching the support level of 1.07579. From this point, it entered a bullish correction.
Primary Scenario: If this support level holds, we anticipate an upward price movement to the 1.09882 level. From this point, we can test sell trades to reach the targets of 1.07479, 1.05990, and 1.04079.
Alternative Scenario: The price could decline to the 1.06608 level and then rise again to the 1.02795 area.”
Euro Analysis (4-Hour Time Frame)
We expect a price drop to the level of 1.7479, where buying opportunities can arise to target 1.8646 and 1.09308.
If the price can stabilize above 1.08753, we foresee an increase to 1.10106.
Euro Analysis (15-Minute Time Frame)
We expect a price drop to 1.7697. If the support level breaks, the decline will continue to 1.07483.
If the resistance area at 1.08391 breaks, the price will rise to the levels of 1.08742 and 1.09330.