EURUSD 1H Range Breakout – Two Scenarios to WatchEUR/USDOANDA:EURUSDFXSMARTTEURUSD is trading inside a clear range on the 1H timeframe. Price is respecting the support and resistance levels marked on the chart. Key Levels: Resistance: 1.14624 / 1.15041 Support: 1.14209 / 1.13797 Current Price: near 1.14376 (mid-range) Scenario 1 – Bullish Breakout (Long): If price breaks above 1.14624 and a 1H candle closes above it, I expect continuation up to 1.15041. Entry: Above 1.14624 after confirmation (or on pullback to retest as support) Stop Loss: Below 1.14209 Target: 1.15041 Invalidation: Price closes back below 1.14624 Scenario 2 – Bearish Breakdown (Short): If price breaks below 1.14209 and a 1H candle closes below it, I expect a drop down to 1.13797. Entry: Below 1.14209 after confirmation (or on pullback to retest as resistance) Stop Loss: Above 1.14624 Target: 1.13797 Invalidation: Price closes back above 1.14209 Pro Tips: 1. Do not trade inside the range. Wait for a confirmed breakout. 2. The best entries are on pullbacks to the broken level, not at the exact breakout point. 3. If price gives a false breakout, wait for the next opportunity. 4. Always check the economic calendar before trading EURUSD. My Personal View: I am neutral until a breakout happens. I will wait for price to break and close above 1.14624 for longs toward 1.15041, or below 1.14209 for shorts toward 1.13797. No chase. Patience. Not financial advice. Trade at your own risk. Tags: EURUSD, Forex, RangeBreakout, SupportAndResistance, PriceAction, TradingView