The Euro Index and the expectation of currency strength in the near term

An expected rise in the Euro Index

 

The Euro Index is still moving in a general uptrend.

The index has managed to break out of the sideways movement

and form new demand zones on the daily and 4-hour time frames.

Currently, a decline to the specified demand zones is expected

located at the 2.4168 level

to reach the specified targets at the 2.4210 and 2.4250 levels.

We may also see a rise in the index from current prices.

In the event of a rise, this indicates strength for the Euro

 against most major currencies.

The analysis fails to break and close below the specified demand zones.