EUR/USD, Technical Analysis – H4

The pair has confirmed an upward reversal, with bulls eyeing the next resistance zone at 1.1500–1.1510. However, the local supply area around 1.1420 is likely to act as a temporary barrier, potentially capping the advance and triggering pullbacks toward 1.1380.

Key Levels:

□ 1.1380 (support)

□ 1.1420 (resistance)

□ 1.1500–1.1510 (target)

Primary Scenario:

Consolidation within the 1.1380–1.1420 range in preparation for a move toward 1.1500.

Alternative Scenario:

Breakout above 1.1420 with a bullish impulse toward 1.1500–1.1510.

Analyst Commentary:

The optimal entry zone for long positions is around 1.1380. However, bulls risk missing the move if price clears 1.1420 decisively and accelerates higher.