EUR/USD Technical Analysis – H1
Bulls are struggling to hold the 1.1520 support zone that currently keeps the structure bullish. A break lower would confirm a shift in momentum toward further declines.
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.
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.