EUR/USD, Technical Analysis – H1
The downward technical correction phase appears to have concluded, enabling buyers to actively develop a new upward trending swing.
The downward technical correction phase appears to have concluded, enabling buyers to actively develop a new upward trending swing. The logical targets under this structure are the nearest high zone at 1.1480 and the key psychological level of 1.1500.
Key Levels:
□ 1.1480 (nearest resistance / swing high)
□ 1.1500 (psychological target)
Primary Scenario:
Rise toward 1.1500.
Alternative Scenario:
Consolidation around 1.1480.
Analyst Commentary:
The market currently remains suitable exclusively for bullish trading.
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.