EUR/USD, Technical Analysis – H4

The pair encountered strong resistance near 1.1460, triggering a pullback to 1.1425 and opening the door for a deeper corrective move toward 1.1380. Nevertheless, the overall bullish potential remains intact, with buyers still targeting the 1.1500–1.1510 zone.
Key Levels:
□ Support: 1.1425
□ Key support: 1.1380
□ Resistance: 1.1460
□ Bullish target: 1.1510
Primary Scenario:
Sideways consolidation (flat) within the 1.1425–1.1460 range.
Alternative Scenario:
Decline toward 1.1380 followed by a bullish reversal targeting 1.1510.
Analyst Commentary:
Bulls maintain a positional advantage, therefore long positions remain the preferred strategy.