EUR/USD, Technical Analysis – H4
The pair continues to consolidate above the sloping support but is approaching a critical compression of the trading range near the medium-term trendline.
The pair continues to consolidate above the sloping support but is approaching a critical compression of the trading range near the medium-term trendline. This suggests an imminent breakout and a likely culmination in the form of a downward price impulse. There appears to be sufficient room for this move to unfold during today’s trading session.
Key Levels:
□ 1.1450 — Resistance / Upper range boundary
□ 1.1410 — Consolidation support
□ 1.1400 — Key support / Breakdown level
□ 1.1350 — Alternative downside target
Primary Scenario:
Consolidation within the 1.1410–1.1450 range, followed by a potential breakdown below 1.1400.
Alternative Scenario:
Decline toward 1.1350.
Analyst Commentary:
The outlook remains clearly bearish in the medium term.
Nikolai Krishtopov ialah Penganalisis Pasaran di Investizo dengan lebih 15 tahun pengalaman dalam industri pasaran kewangan dan lebih sedekad pengalaman berdagang. Bidang tumpuannya merangkumi pasaran forex dan kripto, analisis teknikal, dagangan intraday serta gelagat pasaran.