EUR/USD, Technical Analysis – H1
The EUR/USD pair is in the final phase of consolidation within a narrowing triangular pattern. A breakout from this range is likely to set the tone for the next directional move.
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.
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.