FX.co ★ Trading tips for EUR/USD

EUR/USD is in a very interesting situation. Sellers are currently trapped at the technically competent, but, unfortunately, the only possible support-resistance level of 1.11.

The pair is also at that level in the hourly chart.

This means that traders should avoid taking short positions, especially with a stop loss at 1.11. Meanwhile, long positions should have stop loss at 1.11.

Good luck and have a nice day!