Euro Analysis (Daily Time Frame)
In the past week, EUR, like other markets, remained range-bound and concluded the week without significant movement.
- Primary Scenario: Considering the previous bearish leg and the break below 1.06083 last month, the outlook remains bearish. If EUR breaks below 1.03433, the next target will be 1.02240.
- Alternative Scenario: If EUR reverses upward and reclaims 1.06083 with stabilization above it, the next targets will be 1.07640 and 1.09358.
Euro Analysis (4-Hour Time Frame)
- Primary Scenario: A downward movement is expected from the current levels. If EUR breaks below 1.03433, the next target will be 1.02240.
- Alternative Scenario: If EUR breaks and stabilizes above 1.04453, the next targets will be 1.05346 and then 1.06302.
Euro Analysis (15-Minute Time Frame)
- Primary Scenario: Given the weakening buying power at the current resistance zone, it is expected that EUR will move downward after breaking below 1.04147, targeting the lower levels of 1.03907 and 1.03765.
- Alternative Scenario: If the primary scenario does not materialize and EUR breaks and stabilizes above the resistance at 1.04442, it will first target 1.04927, followed by 1.05346.