Euro Analysis (Daily Time Frame)
As indicated in last week’s analysis, the Euro experienced a decline against the US Dollar, reaching the significant 1.02240 level.
- Main Scenario: If the decline continues and the Euro breaks and consolidates below the 1.02240 level, the next target for the Euro will be 0.99382.
- Alternative Scenario: If the Euro reclaims the 1.03433 level and breaks above the 1.04575 range, it could initially move towards the 1.05346 level and then to 1.06302.
Euro Analysis (4-Hour Time Frame)
- Main Scenario: The Euro is expected to make a slight upward movement, reaching the 1.03456 level, before continuing its decline towards 1.02240 and then to 0.99382.
- Alternative Scenario: If the Euro moves upwards and breaks the important 1.03750 level, it could first target 1.04575, followed by 1.05346.
Euro Analysis (15-Minute Time Frame)
- Main Scenario: If the Euro breaks and consolidates above the 1.03140 level, the next target will be the 1.03456 range.
- Alternative Scenario: If the Euro fails to break through the resistance at 1.03140 and reverses downward, it could first test the 1.02734 support, followed by 1.02240.