EUR/USD, Technical Analysis – H

The pair is currently testing the medium-term downtrend line, which is likely to trigger a downward reversal. Local buying interest may emerge near the sloping support zone of 1.1400–1.1410. A similar pattern appeared earlier on the chart, reinforcing the view that bears maintain strategic control. At the same time, we do not expect an immediate breakdown of the triangle — sufficient room remains for range-bound trading in the near term.

Key Levels:

□ 1.1400–1.1410 (key support)

□ 1.1450 (near-term resistance)

Primary Scenario:

Decline toward the 1.1400–1.1410 zone, followed by a corrective rebound to 1.1450.

Alternative Scenario:

Breakdown below 1.1400.

Analyst Commentary:

The formation exhibits classic “bear flag” characteristics. Consequently, further downside targets for next week are located at 1.1200 and 1.1100.