EUR/USD, Technical Analysis – H1

Technically, the pair is not in a clear trend. It continues to update structural extremes with each price swing. Assuming this pattern remains in force, bears currently hold the initiative and may target a move toward the 1.1370 area.

Key Levels:

□ 1.1370 — key downside target

□ 1.1410 — near-term support

□ 1.1440 — range resistance

Primary Scenario:

Development of a bearish swing toward 1.1370.

Alternative Scenario:

Sideways consolidation (flat) within the 1.1410–1.1440 range.

Analyst Commentary:

It is important to note that this technical pattern is not considered a reliable or stable formation.