Euro Analysis (Daily Time Frame)
Over the past week, the Euro was unable to break through its previous high at 1.05290, indicating that this currency pair currently prefers to range within a consolidation zone. The key question for the upcoming week is which direction it will break out.
🔹 Primary Scenario (Higher Probability):
The expectation remains that the Euro will move upward from these levels. For this to happen, it must find support at 1.02843 or higher, break above 1.05289, and consolidate above it. If this occurs, the next upside targets will be 1.06310 and 1.07616.
🔹 Alternative Scenario (Lower Probability):
If selling pressure is strong enough to break below the 1.02124 level with momentum, the Euro could decline further toward the 0.99828 area.
Euro Analysis (4-Hour Time Frame)
🔹 Primary Scenario:
Since the 1.04014 support has been broken and price has consolidated below it, the next expected move is a decline towards 1.03178 and possibly lower levels.
🔹 Alternative Scenario:
If the Euro finds support at current levels and starts reversing upward, a breakout and consolidation above 1.04208 could lead to the next targets at 1.05289 and higher.
Euro Analysis (15-Minute Time Frame)
🔹 Primary Scenario:
Since the last key support at 1.03905 has been broken with strength, a temporary upward pullback to complete a retest is expected before the downtrend resumes. In this case, the next target for the Euro will be 1.03178.
🔹 Alternative Scenario:
If the above scenario does not materialize and the Euro reclaims the key 1.04102 level, it could target the next resistance at 1.04900.