EUR/USD remains above MA (200) H1

The hourly chart of the EUR/USD pair shows consolidation near the 1.1430 level after the previous upward momentum. The price is moving above the MA (200) H1 moving average, which indicates a predominance of bullish sentiment. However, the 1.1450 level continues to restrain growth, acting as the nearest resistance. The MACD indicator remains in the positive zone, but the histogram shows an uncertain growth, which indicates the absence of a strong impulse. If support remains above 1.1400, an attempt to break 1.1450 is possible, but without strong volume and momentum, consolidation above will be difficult. Overall, the market looks neutral with a moderate upward bias as long as the price remains above the moving average.

Resistance levels are: 1.1450-60, 1.1495, 1.1550

Support levels are: 1.1405, 1.1355-70, 1.1310

The main scenario for the pair's advance assumes a breakout of the resistance 1.1450-60 (June 3 and 10 highs, session high) and there may be an increase to 1.1495 (June 5 high)

An alternative scenario implies a breakout of the session low of 1.1405 and there may be a decline to 1.1355-70 (June 4, 6 and 10 lows).