EUR/USD, Technical Analysis – H1

The pair is going through a phase of extreme range contraction, which often precedes a surge in volatility. The previously formed bullish signal in the 1.1510–1.1520 zone remains valid. Therefore, we expect the euro to find support at 1.1535 and receive a strong upward impulse from there, opening opportunities for long positions targeting 1.1600.

Key Levels:

□ 1.1535 — key support

□ 1.1600 — primary upside target

□ 1.1500 — critical downside level

Primary Scenario:

Test of 1.1535 followed by a strong rally toward 1.1600.

Alternative Scenario:

Breakdown below 1.1535 support with a possible move toward 1.1500 and lower.

Analyst Commentary:

The euro continues to benefit from the US dollar’s fragility amid ongoing geopolitical risks