Intraday Preview: Consolidation and waiting | Prospect: +100pips

The View:
Although the possibility of further consolidation cannot be ruled out, it is expected to remain limited in scope. Market momentum remains subdued; however, there are signs of stabilization that support the likelihood of a gradual upward trend, provided no new negative developments emerge in the external environment.

Buy Scenario:
Although the possibility of further consolidation cannot be ruled out, it is expected to remain limited in scope. Market momentum remains subdued; however, there are signs of stabilization that support the likelihood of a gradual upward move, provided no new negative developments occur in the external environment. In this context, long positions are maintained above 1.4170, with targets at 1.4300 and 1.4340 in extension.

Sell Scenario:
Despite signs of potential stabilization, a break below the 1.4170 level may trigger renewed downward pressure. In such a scenario, the likelihood of further decline increases, with the next targets seen at 1.4100 and 1.4080. The inability to hold key support levels could act as a catalyst for short-term bearish momentum.