Technical Analysis for EUR/USD (H1)
The Euro-Dollar (EURUSD) pair has made a strong upward move in recent hours, breaking through important resistance levels and confirming a shift in the overall trend from sideways to bullish. Continuation of this upward move depends on the pair’s ability to consolidate above the new support levels established after the breakout
Technical Indicator Analysis
Moving Averages
The price is moving above all major moving averages (20, 50, and 100), supporting the continuation of the upward momentum.
Short-term moving averages are showing a clear positive crossover, indicating continued buying momentum.
MACD
The indicator is in the positive zone with rising bullish bars, confirming buying control and increased momentum.
Stochastic
The indicator has begun to retreat from overbought areas, currently at 56, which may indicate a slight correction before resuming the upward move.
Possible Scenarios
Bullish Scenario
If the price succeeds in breaking 1.1428 and holding above it, we may witness an extension of the upward trend towards 1.1455 and possibly 1.1500 Stabilization above 1.1356 strongly supports the continuation of the uptrend.
Bearish Scenario
In the event of a correction, any decline towards 1.1313 or 1.1280 could represent buying opportunities.
A break of 1.1280 could weaken the upward momentum and push the price back towards 1.1225, a strong support area later.
Trading strategies based on Buy/Sell levels
| In case of buying | in case of selling | EURUSD |
| 1.13922 | 1.13135 | Entry point |
| First resistance: 1.14248 | First support: 1.12809 | Target Point 1 (TP1) |
| Second resistance 1.14048 | Second support 1.12609 | Target Point 2 (TP2) |
| 1.13135 | 1.13922 | Stop Loss (SL) |
The overall trend for the EUR/USD pair remains clearly bullish after breaching important technical levels, especially with improved technical momentum on the MACD and moving averages. However, some overbought signals may push the pair into a temporary correction, providing new entry opportunities from strong support levels. EUR/USD: Holding above 1.1356 supports an extension of the upward trend toward 1.1392–1.1428. A break above this level could open the way for a corrective wave toward 1.1313 and then 1.1280.
The optimal strategy: Wait for any slight pullback and capitalize on it to enter into calculated buy trades with a tight stop-loss, while monitoring economic news coming from the Eurozone and the United States this week.
