EUR/USD on the H4 timeframe is currently traded around 1.08452, consolidating near a strong resistance level at 1.08597. The pair has been in an uptrend, but price action is stalling near the resistance zone, suggesting possible exhaustion of bullish momentum.

The price remains above the Ichimoku Cloud, confirming a bullish structure. However, the Tenkan-sen and Kijun-sen lines are flattening, indicating reduced momentum. The RSI is at 65.53, nearing overbought territory but still leaving room for further upside.

A breakout above 1.08597 could trigger a continuation of the bullish trend, while failure to break this level may result in a pullback towards support. The consolidation phase suggests the market is awaiting a catalyst for the next major move.

Market Observation & Strategy Advice:
1. Key resistance: 1.08597 – A breakout above this level could lead to further upside.
2. Key support: 1.07800 – A break below this zone may trigger a downside correction.
3. Ichimoku Cloud remains supportive, but Tenkan-sen flattening signals caution.
4. RSI near overbought levels, suggesting limited upside before a pullback.
5. Trading strategy:

• Buy if price breaks and holds above 1.08597, targeting 1.0900+.
• Sell if price falls below 1.07800, targeting 1.0730-1.0700.

Market Performance:
Exchange    Last Price   % Change
USD/CAD     1.44386         +0.05%
USD/JPY       146.572         -0.50%

Today’s Key Economic Calendar:
UK: BRC Retail Sales Monitor YoY
AU: NAB Business Confidence
US: JOLTs Job Openings