EUR/USD – Price Consolidates on H1, Forming an Accumulation StruEuro/US DollarFX:EURUSDHenrybillionEUR/USD – Price Consolidates on H1, Forming an Accumulation Structure Before a Potential Breakout EUR/USD is moving within a narrow range around 1.1589 – 1.1600, indicating that the market has entered an accumulation phase after the previous strong rally. Candles continue to show lower wicks and bounce from the short-term EMA, signaling that buying pressure is still quietly present. The previous low at 1.1560 and the deeper support zone at 1.1540 remain important structural bases, both of which have repeatedly held declines and triggered bullish reactions. Key Technical Levels Nearest Resistance: 1.1600 – 1.1602 Short-Term Support: 1.1580 – 1.1583 Major Support: 1.1560 and 1.1540 Trading Outlook As long as price holds above the EMA and continues forming higher lows, the short-term bias leans bullish. Buyers will take control if price breaks cleanly above 1.1600, opening room for further upside continuation. Conversely, if price breaks below 1.1580, the market may retest the 1.1560 support area before deciding on the next direction. The current structure suggests that EUR/USD is preparing for a strong move. Monitor price action around the key support and resistance levels to secure better entry opportunities. If you find this analysis helpful, feel free to save it and follow for upcoming strategies.