EUR/USD, Technical Analysis – H1
The pair has experienced notable volatility while maintaining a bullish consolidation structure.
The pair has experienced notable volatility while maintaining a bullish consolidation structure. Notably, the latest swing low remains intact, while bullish momentum continues to be clearly visible across the intraday chart. Under these conditions, the most logical expectation is a move toward a fresh local high in the 1.1600–1.1610 area, with a broader upside target at 1.1650.
Key Levels:
▫️ Resistance: 1.1600–1.1610
▫️ Target: 1.1650
▫️ Support: Latest intraday swing low
Primary Scenario: Advance toward 1.1600–1.1610.
Alternative Scenario: Continuation of the broad consolidation phase as the market builds momentum for the next bullish impulse.
Analyst Commentary: Intraday long positions are best considered following bearish pullbacks on lower timeframes.
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.