EUR/USD Technical Analysis – H1
EUR/USD maintains a clear bearish structure on H1 after completing its correction. Sellers target 1.1350, with potential extension toward 1.1300, while the FOMC decision remains the key near-term catalyst.
The pair continues to respect its bearish structure following a fully completed corrective phase. This setup allows sellers to look for the next impulsive leg toward the recent local low near 1.1350. Should this scenario be confirmed, downside targets are likely to extend more aggressively toward the 1.1300 area and below.
Key Levels:
□ 1. 1.1410 – near-term resistance
□ 2. 1.1385 – consolidation floor
□ 3. 1.1350 – primary downside target
□ 4. 1.1300 – extended bearish objective
Primary Scenario
Decline toward 1.1350.
Alternative Scenario
Continued consolidation within the 1.1385–1.1410 range.
Analyst Commentary:
Do not overlook today’s FOMC rate decision, which is expected to inject a sharp rise in volatility across the pair.
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.