EURUSD H1: Bearish Impulse or Correction? Waves and Levels

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EURUSD H1: Bearish Impulse or Correction? Waves and Levels Euro vs United States DollarTICKMILL:EURUSDEA_Quantum_LabEURUSD H1: Bearish Impulse or Correction? Waves and Levels at Limits EURO continues to trade under pressure following the Fed's hawkish signals. A clear wave structure has formed on the hourly timeframe, which is currently at a key point: either the correction will end before a new downward impulse, or a deeper pullback will follow. The strategy is built around levels – buying at strong support and selling at significant resistance. A break of one of the boundaries will signal a continuation or a trend reversal. If the price consolidates below 1.0680, wave (4) is cancelled, opening the way to 1.0620 and beyond. If the price consolidates above 1.0900, the current downward marking loses its strength, and the market enters a deeper recovery phase with targets at 1.0950+. EURUSD on H1 is in the final stage of corrective wave (4) after a powerful impulse decline. The market is consolidating before an important direction decision. Until the key levels are broken, the optimal strategy is to trade from the range boundaries: sell from the resistance of 1.0850–1.0870, buy from the support of 1.0730–1.0750. For professional traders, this is an opportunity to track the completion of wave (4) and prepare to enter wave (5). For beginners, it offers a clear model for working with levels in anticipation of a trend movement.