EURUSD H1 – Bullish Consolidation

  • April 9, 2026
  • Posted by: EWGFX
  • Category: Technical analysis
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EURUSD has shown a strong bullish breakout from 1.1602 and is now consolidating around the 1.1650 support zone on the 1-hour chart. As long as price stays above 1.1650, the bullish bias remains intact with upside targets at 1.1722 and 1.1748.

Signal:
BUY above 1.1660
Stop Loss: 1.1635
Take Profit 1: 1.1722
Take Profit 2: 1.1748

If price breaks below 1.1650 and closes under it on H1, a short pullback toward 1.1602 is possible.