EUR/USD, Technical Analysis – H4

The pair is forming a steady upward reversal. The key resistance level is at 1.1420; a decisive breakout above it would likely trigger a swift recovery toward the pivot zone at 1.1500. However, this area is unlikely to be cleared without a corrective pullback.

Key Levels:

□ 1.1400–1.1420 (current consolidation range)

□ 1.1420 (key resistance)

□ 1.1500 (next major pivot target)

Primary Scenario:

Breakout toward 1.1500, followed by a downward pullback.

Alternative Scenario:

Continued consolidation within the 1.1400–1.1420 range.

Analyst Commentary:

The bulls’ positional advantage looks substantial.