On H4 chart we can see that price decreased to the area of quite important support at 1.1025. This level works as a band for more than a year, sometimes it is broken but it is often respected. Today there will be no important economic data, so it should act more technical.

If the support will be broken, we should wait for re-test of it from below and then look for sell signal. Another important support is all the way at 1.0860 so we have 150 pips of profit to realize. If support at 1.1025 will be broken, there is a possibility of reaching 1.11 resistance.

TRY IT NOW

EURUSDH4

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