EUR/USD, Technical Analysis – H1
A clear upward reversal has formed, with prospects for a dynamic euro recovery toward the 1.1410–1.1430 area.
A clear upward reversal has formed, with prospects for a dynamic euro recovery toward the 1.1410–1.1430 area. The current price zone is acting as a solid demand region, offering an attractive risk-to-reward ratio of approximately 1:2.
Key Levels:
□ 1.1410–1.1430 – primary resistance and target zone
□ Current levels – key demand/support area
Primary Scenario:
Rise toward 1.1410–1.1430.
Alternative Scenario:
Consolidation around current levels.
Analyst Commentary:
The price structure demonstrates sufficient bullish momentum, reinforced by a prominent wick on the latest hourly candle, making the primary upside scenario highly probable.
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.