Yesterday, the euro once again hovered within the Target Zone of 1.0972 - 1.0946. Since the zone hasn't been breached yet, don't anticipate further upward movement. If sellers maintain control within this zone, we might see the start of a second correction wave, potentially leading sellers to target support levels between 1.0897 and 1.0888. Once support is reached, there may be opportunities for new purchases based on specific patterns, with a target set at the high reached on March 8th.
On the other hand, if buyers successfully break out of the Target Zone and push the price higher, the next target for purchases would be the Gold Zone spanning from 1.1039 to 1.1030. This approach aims to simplify the analysis while providing clear guidance on potential trading scenarios based on market movements.