EUR/USD Technical Analysis – H1

Bulls are expending considerable effort to continue defending the support zone at 1.1520. This level is what preserves the ascending character of the structure; a break below it would signal a reversal to the downside. Given that the most recent high formed noticeably lower, it is reasonable to assume that buyers are running out of strength.

Key Levels:

□ 1.1520 – critical support

□ 1.1550–1.1560 – resistance / sell-signal zone

□ 1.1500 – primary downside target

Primary Scenario:

Final consolidation within the 1.1520–1.1550 range, followed by a decline toward 1.1500.

Alternative Scenario:

Direct decline toward 1.1500 and lower.

Analyst Commentary:

Sell signals forming in the 1.1550–1.1560 area may carry a high probability of playing out.