EUR/USD Technical Analysis – H1

The pair continues to respect its bearish structure following a fully completed corrective phase. This setup allows sellers to look for the next impulsive leg toward the recent local low near 1.1350. Should this scenario be confirmed, downside targets are likely to extend more aggressively toward the 1.1300 area and below.

Key Levels:

□ 1. 1.1410 – near-term resistance

□ 2. 1.1385 – consolidation floor

□ 3. 1.1350 – primary downside target

□ 4. 1.1300 – extended bearish objective

Primary Scenario

Decline toward 1.1350.

Alternative Scenario

Continued consolidation within the 1.1385–1.1410 range.

Analyst Commentary:

Do not overlook today’s FOMC rate decision, which is expected to inject a sharp rise in volatility across the pair.