FX.co ★ EUR/USD

EUR/USD H4 Analysis: Buyers Defend Key Support as Market Awaits Directional Breakout Market Overview EUR/USD began the session under pressure as sellers attempted to extend the downside move through a bearish gap. However, buyers quickly stepped in and filled the gap, showing that demand remains active. The pair is now trading near a critical area where a breakout in either direction could determine the next short-term trend. Technical Analysis On the H4 chart, price is positioned around the middle section of the trading bands, while the bands themselves are gradually narrowing. This suggests a period of consolidation and uncertainty. A stronger test of either the upper or lower band may provide a clearer signal regarding the next market direction. A newly formed bullish fractal has become the primary upside reference point. If buyers manage to break above this level and maintain control, the pair may continue advancing toward the higher fractal target established on June 18. On the downside, the nearest bearish fractal remains an important support area. A confirmed move below this level could increase the probability of a decline toward the lower fractal target from March. The Awesome Oscillator remains below the zero line but is losing bearish momentum. This behavior supports the possibility of further upward movement. If the indicator continues moving toward the zero level during the next few trading sessions, bullish sentiment may strengthen. Conversely, renewed downside momentum on the indicator would favor sellers. Key Levels Support: 1.14517, 1.14160, 1.14084 Resistance: 1.14799, 1.14871, 1.15278 Buy Targets: 1.14871, 1.15278 Sell Targets: 1.14160, 1.14084 Trading Outlook EUR/USD remains in a neutral zone with both bullish and bearish possibilities still open. A confirmed break above resistance could support further gains, while a move below support may trigger another wave of selling. Traders should monitor breakout confirmation before taking directional positions.