EUR/USD, Technical Analysis – H1

The pair has experienced notable volatility while maintaining a bullish consolidation structure. Notably, the latest swing low remains intact, while bullish momentum continues to be clearly visible across the intraday chart. Under these conditions, the most logical expectation is a move toward a fresh local high in the 1.1600–1.1610 area, with a broader upside target at 1.1650.

Key Levels:

▫️ Resistance: 1.1600–1.1610

▫️ Target: 1.1650

▫️ Support: Latest intraday swing low

Primary Scenario: Advance toward 1.1600–1.1610.

Alternative Scenario: Continuation of the broad consolidation phase as the market builds momentum for the next bullish impulse.

Analyst Commentary: Intraday long positions are best considered following bearish pullbacks on lower timeframes.