EUR/USD, Technical Analysis – H4
Despite some optimism for the euro seen last week, the pair remains under persistent downside pressure.
Despite some optimism for the euro seen last week, the pair remains under persistent downside pressure, trading within the third consolidation above the ascending trendline. Historically, this pattern has always resolved lower, and there is little reason to expect a different outcome this time. Nevertheless, a breakdown is not guaranteed today — the market still has both time and room for further consolidation.
Key Levels:
□ 1.1400 (psychological support)
□ 1.1430–1.1480 (current consolidation range)
□ 1.1480–1.1500 (resistance zone)
Primary Scenario:
Sideways trading within the 1.1430–1.1480 range.
Alternative Scenario:
Breakdown and decline below the key psychological support at 1.1400.
Analyst Commentary:
Short positions from the 1.1480–1.1500 zone appear attractive in the medium term.
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.