Expected Downward Zones for the Euro Index

The Euro Index has reached strong weekly supply zones.

The index has also reached overlapping daily supply zones.

The index has broken strong and important support zones on the 4-hour timeframe.

It has also formed strong new supply zones on the same timeframe.

This is a strong indication that the trend is beginning to change from bullish to bearish.

Currently, there are two reversal zones in the event of another uptrend.

A strong decline from these zones is expected, followed by a return to bearishness.

The Euro is expected to weaken strongly against most currencies.

The first reversal zone is the resistance zones located at 2.4081.

These are considered very strong zones at the moment.

The second zone is the new supply zones located at 2.4134.

This is considered the most important reversal zone if reached.

In general, any correction or strengthening in the Euro may be temporary.

Therefore, caution is important when trading the Euro.