EUR/USD Technical Analysis – H1

The pair has preserved its bullish structure with a sequence of higher lows. As a result, buyers retain the opportunity to push higher from current levels toward the latest extreme at 1.1575. At the same time, the character of the ongoing downward correction does not appear particularly healthy, leaving room for bears to attempt a more meaningful reversal.

Key Levels:

□ 1.1520 — Critical support (diagnostic level for potential uptrend break)

□ 1.1575 — Target (latest high)

Primary Scenario:

Advance from current levels toward 1.1575.

Alternative Scenario:

Continued consolidation around current levels.

Analyst Commentary:

The critical depth of the correction remains the penultimate low near 1.1520. This level should be treated as diagnostic when assessing the risk of an uptrend breakdown.