EUR/USD, Technical Analysis – H1

From a medium-term perspective, the pair continues to exhibit clear bearish dominance. Bears are consistently repeating the same pattern: formation of an ascending support line followed by a breakdown. This instance looks set to follow the same script — the inclined support was already breached yesterday, paving the way for a developing downward swing targeting the 1.1300 level (with the ultimate objective likely extending beyond the current trading day).

Key Levels:  

□ 1.1300 (key downside target)  

□ 1.1340 (intermediate support)  

□ 1.1400–1.1420 (resistance / selling zone)

Primary Scenario: 

Pullback to 1.1420, followed by a shift into renewed decline.

Alternative Scenario:

Direct decline toward 1.1340 and 1.1300.

Analyst Commentary:

The 1.1400–1.1420 area remains of strong interest for selling opportunities.