The key level for this week is 1.09000. If during today's session, the price falls to the 1.08500 zone, we will have a good buying opportunity. And if the price continues to rise to the 1.09000 zone without making a retracement, as long as it does not exceed the level of 1.09250, we will have a short opportunity looking for the levels 1.08750 - 1.08500

After the PPI data came out, the euro rose to the level of 1.08250 in the following hours. But after reaching that level, we can see a bearish engulfing candle on the 1-hour timeframe. Today we have quite a bit of news with a high impact on the price, but as long as it does not break yesterday's high strongly, I still have a bearish view and keep my target at 1.07500

It finally touched the 1.08000 level that I had been expecting since last week. As I said in yesterday's analysis, the 1.08000 zone still has selling pressure, and without a clear breakout, the price will fall back to the 1.07500 level

We still have the 1.08000 level predicted last week pending. From that level, if it does not manage to overcome it strongly, we have a good opportunity for a short trade looking for the 1.07500 zone.

It seems that the price has already hit the bottom or is close to it after the fall in the american session. From here we should recover the level of 1.07750, and go to 1.08000 where the liquidity zone is.