14.03.202213:12 Forex Analysis & Reviews: Trading tips for EUR/USD

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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!

Andrey Shevchenko
Analytical expert of InstaForex
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