EUR/USD, Technical Analysis – H4

Bulls have been building momentum for a breakout toward the 1.1500–1.1510 zone for some time, with only one remaining obstacle — resistance at 1.1430. Whether they possess sufficient strength to clear this level today remains to be seen. Nevertheless, the impending move is becoming increasingly evident.

Key Levels:

□ 1.1430 (key resistance)

□ 1.1500–1.1510 (target area)

Primary Scenario:

Breakout toward 1.1510.

Alternative Scenario:

Continued consolidation below 1.1430.

Analyst Commentary:

The pair may remain in an accumulation phase for a while longer, but this should only intensify the subsequent “spring” compression and the eventual impulsive move.