EUR/USD Technical Analysis – H1
EUR/USD maintains a bullish structure with higher lows on the H1 chart. Buyers may attempt a push toward 1.1575 from current levels, though the quality of the recent correction leaves room for further consolidation or a deeper test of 1.1520.
The pair has preserved its bullish structure with a sequence of higher lows. As a result, buyers retain the opportunity to push higher from current levels toward the latest extreme at 1.1575. At the same time, the character of the ongoing downward correction does not appear particularly healthy, leaving room for bears to attempt a more meaningful reversal.
Key Levels:
□ 1.1520 — Critical support (diagnostic level for potential uptrend break)
□ 1.1575 — Target (latest high)
Primary Scenario:
Advance from current levels toward 1.1575.
Alternative Scenario:
Continued consolidation around current levels.
Analyst Commentary:
The critical depth of the correction remains the penultimate low near 1.1520. This level should be treated as diagnostic when assessing the risk of an uptrend breakdown.
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.