EUR/USD, Technical Analysis – H1

The pair remains in the closing stage of consolidation inside the tightening triangular range of 1.1400–1.1460. This corridor should provide sufficient trading opportunities during today’s session, but a decisive breakout is expected afterward, targeting the 1.1500 and potentially 1.1550 levels.

Key Levels:

□ 1.1460 (upper boundary / resistance)

□ 1.1400 (strong psychological support)

□ 1.1500 (first breakout target)

Primary Scenario:

Continued consolidation within the 1.1400–1.1460 range.

Alternative Scenario:

Breakout above the pattern toward 1.1500.

Analyst Commentary:

Long positions from the lower boundary of the range, reinforced by the key psychological level at 1.1400, appear promising with favorable risk-reward.