FX.co ★ Aimee | EUR/USD

Technical analysis 21 Agust 2026 EUR/USD H-1

The H1 chart shows EUR/USD cooling off after peaking around 1.1710–1.1720. The price has pulled back and is currently consolidating around 1.1677, sitting just above its immediate dynamic support (moving average line). Key technical observations Price Action: After a strong rally from 1.1570, the price hit local resistance above 1.1700 and underwent a minor retracement. It is currently testing the previous horizontal resistance around 1.1662–1.1678, trying to flip it into support. RSI (14): The RSI has reset from overbought levels (>80) to a neutral 55.19, indicating that extreme buying pressure has ended and a new move is forming. MACD and Bears Power: The MACD histogram remains positive above the zero line, although the momentum lines are moving lower. Bears (13) sits at -0.00052, confirming mild selling pressure during this consolidation phase. Point-to-point trading scenarios. Scenario A: Dynamic Buy Retest (Preferred Setup) A price holding above the moving average line maintains the underlying upside structure. Entry Zone: 1.1665 - 1.1678 Stop Loss (SL): 1.1625 (below previous consolidation base) Tech Profit 1 (TP1): 1.1710 (Recent Local Swing High) Take Profit 2 (TP2): 1.1740 (next structural extension level) Scenario B: Buy the breakout continuation. Wait for confirmation that buyers have taken full control of the recent high. Trigger: H1 candle closes above 1.1715. Entry Zone: 1.1715 - 1.1720 Stop Loss (SL): 1.1670 Take Profit (TP): 1.1760 Scenario C: Short Fault (alternative) If price breaks below key moving average support, a deep retracement opens. Trigger: H1 candle closing below 1.1660. Entry zone: 1.1655 - 1.1660 Stop Loss (SL): 1.1695 Take Profit (TP): 1.1600 (Major Support Base) Can you share some more context to tailor future setups to your specific strategy? What is your preferred risk-to-reward ratio (eg, 1:2 or higher)? What trading period or holding time do you usually target for an H1 trade? What is your account's risk tolerance per trade (eg 1% or 2%)?