EUR/USD, Technical Analysis – H1
Technically, the pair is not in a clear trend. It continues to update structural extremes with each price swing.
Technically, the pair is not in a clear trend. It continues to update structural extremes with each price swing. Assuming this pattern remains in force, bears currently hold the initiative and may target a move toward the 1.1370 area.
Key Levels:
□ 1.1370 — key downside target
□ 1.1410 — near-term support
□ 1.1440 — range resistance
Primary Scenario:
Development of a bearish swing toward 1.1370.
Alternative Scenario:
Sideways consolidation (flat) within the 1.1410–1.1440 range.
Analyst Commentary:
It is important to note that this technical pattern is not considered a reliable or stable formation.
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.