Technical Analysis for EUR/USD – H1 Timeframe
The pair continued its strong upward trend, breaking through significant resistance levels, supported by strong buying momentum, confirming the short-term uptrend.
Technical Indicator Analysis
Moving Averages
Prices are moving steadily above all short- and medium-term moving averages, with their openings pointing upward, supporting the continuation of the uptrend.
MACD
Is giving positive signals with bars rising above the zero line, indicating strong buying momentum.
Stochastic
Is retreating from overbought areas, which may indicate a slight correction or fluctuation before the uptrend resumes.
Technical Analysis for EUR/USD : Possible Scenarios
Bullish Scenario
If the pair maintains trading above 1.1353, a target of 1.1384 is expected, and it may extend to 1.1415.
Bearish Scenario
A return below 1.1323 could push the price down to 1.1294 and then 1.1274
Trading strategies based on Buy/Sell levels
| In case of buying | in case of selling | EURUSD |
| 1.13847 | 1.13231 | Entry point |
| First resistance: 1.14152 | First support: 1.12946 | Target Point 1 (TP1) |
| Second resistance 1.14322 | Second support 1.29746 | Target Point 2 (TP2) |
| 1.13231 | 1.13847 | Stop Loss (SL) |
The overall trend for the pair is strongly bullish, and momentum remains supportive of further gains. The positive outlook remains intact as long as the price remains above 1.1353.
Technical Strategy: Buy on every pullback towards support levels.
