EUR/USD, Technical Analysis – H4

Bulls already have a formed base for developing an upward impulse, but the current market phase does not yet allow this potential to be realized. The price is likely to continue intense consolidation within the 1.1380–1.1460 range for some time before we see a breakout toward 1.1500 and higher.

Key Levels:

□ Support: 1.1380

□ Resistance: 1.1460

□ Breakout Target: 1.1500

Primary Scenario:

Continuation of trading within the 1.1380–1.1460 range.

Alternative Scenario:

Breakout toward 1.1500.

Analyst Commentary:

Buying from the lower boundary of the 1.1380–1.1460 range may prove promising both for intraday trades and as a medium-term position.