Euro Analysis (Daily Time Frame)
After a price correction to the level of 1.09079, the Euro has formed another strong bearish candle.
Main Scenario: A break below the price floor of 1.07604 may lead to a decline to the areas of 1.05988 and 1.04079.
Alternative Scenario: A break and consolidation above the level of 1.09974 would allow for a price increase to around 1.11212.
Euro Analysis (4-Hour Time Frame)
In the 4-hour time frame, the Euro is in a descending range, with a possible decline to the support floor of 1.07479. From this area, buying trades can be tested with confirmation for price targets of 1.09567 and 1.10239.
Euro Analysis (15-Minute Time Frame)
In the 15-minute time frame, after hitting a supply zone on the higher time frame, the price has decreased to 1.08318, and we expect it to continue down to 1.08137. The green areas highlighted on the chart represent valuable zones for buying the Euro.