Euro Analysis (Daily Time Frame)
The euro is in a trading range on the daily timeframe. After a 250-pip decline last week, the price has entered the daily order block, and there is a possibility of price rising to 1.116. The green areas marked on the chart indicate valuable regions for buy trades. If the 1.12164 area is broken, the price could rise to 1.12795, 1.14000, and 1.15036.
Euro Analysis (4-Hour Time Frame)
In the 4-hour timeframe, the euro has reached the bottom of the upward channel, coinciding with the daily and 4-hour order blocks. The price is likely to rise from this area to around 1.115. If the 1.09503 area is broken, the price may continue to fall to 1.808.
Euro Analysis (15-Minute Time Frame)
In the 15-minute timeframe, the euro has shown downward momentum. After a downward spike, it has entered a range; if it breaks the 1.981 area, the price will likely rise to fill liquidity up to the spike’s origin. If it breaks the channel’s bottom, it will fall to the 1.8821 and 1.09152 areas. A break and stabilization below 1.0773 will allow the currency pair to drop to levels of 1.0594 – 1.0440.