EUR/USD, Technical Analysis – H4

The pair is consolidating below the previously broken sloping support — a normal price behaviour before an impulsive move develops. With the asset also trading below the key level of 1.1380, buyer weakness is evident and the path of least resistance points toward a decline to 1.1300.

Key Levels:

□ 1.1380

□ 1.1300

Primary Scenario

Initiation of a decline toward 1.1350, 1.1320 and 1.1300.

Alternative Scenario

Continued sideways trading within the 1.1360–1.1390 range.

Analyst Commentary

Intraday upward moves can be used to add to short positions.