EUR/USD, Technical Analysis – H1
EUR/USD is forming a bullish flag within its medium-term uptrend, with a potential 100-pip advance targeting 1.1600 if confirmed. Buy signals near 1.1490–1.1500 remain valid but may be postponed into the following week.
The pair is forming another bullish flag within the medium-term uptrend. If the pattern is confirmed, the quotes may advance by the height of the flag, which measures approximately 100 pips. Consequently, the next potential target for buyers stands at 1.1600.
Key Levels:
⬜ 1. 1.1600 — upside target (flag projection)
⬜ 2. 1.1490–1.1520 — consolidation range
⬜ 3. 1.1490–1.1500 — intraday buy zone
Primary Scenario:
Advance toward 1.1600.
Alternative Scenario:
Continued consolidation within the 1.1490–1.1520 range.
Analyst Commentary:
Intraday buy signals emerging in the 1.1490–1.1500 zone carry a high probability of being fulfilled. At the same time, it is equally possible that any such move will be deferred until the start of next week.
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.