Expected Strength for the Euro in the Near Term

The Euro Index is moving sideways on the hourly timeframe.

Currently, indications suggest a consolidation phase.

Therefore, if the index breaks through the resistance level (LPS) 

and closes above it, we expect to see continued upward movement

 and strength for the Euro.

Expected Targets

If the index breaks through and closes above the indicated resistance level

 (which represents the upper limit of the current sideways movement),

then we expect an upward move towards targets at 2.4330 and 2.4370.

If the index breaks through and closes above the resistance level (LPS)

but then reverses and closes below 2.4267,

the analysis and the expected upward movement of the index will be invalidated.