New analysis of the Euro Index with the expectation of completing the ascent

Expected Strength for the Euro Against Most Currencies

 

The Euro Index is still moving in a general upward trend.

The index has broken out of the 4-hour sideways trend, which indicated a reconsolidation.

This indicates an expected rise in the index.

 The breached resistance areas have also been retested,

 becoming current support areas for the Euro Index.

This confirms the success of the reconsolidation.

Currently, the index is expected to continue rising in the short-term,

and perhaps the medium-term, reaching targets of 2.4180 and 2.4250, respectively.

This indicates current strength for the Euro against most currencies.

The analysis fails if the pair returns and closes below the support areas with a full candle.