EUR/USD, Technical Analysis – H4
The pair continues to strengthen within a clear ascending structure, supporting expectations of further upside.
The pair continues to strengthen within a clear ascending structure, supporting expectations of further upside. At the same time, sufficient momentum to break through the strong pivot zone around 1.1510 is unlikely today due to the lack of U.S. liquidity (U.S. public holiday).
Key Levels:
□ 1.1510
Primary Scenario:
Advance toward 1.1510, followed by a downward pullback.
Alternative Scenario:
Flat trading amid the U.S. holiday and general market preparation for the weekend.
Analyst Commentary:
The current setup allows short-term traders to operate in both directions — long toward 1.1510 and short from 1.1510.
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.