Expected by many sudden weakening of the US dollar had actually taken place, but did not survive the test of time. Strictly speaking, it didn’t outlast up to Wednesday morning. In the night violent movements helped growth and limited liquidity in a relatively short time EURUSD from 1.1000 reached 1.1300 area. As soon, however, as there were increases also soon appeared correction and as a result of it EURUSD now returned to the level of 1.1070.
As a result, on the daily chart we observe a candle with a long upper shadow and an unsuccessful attempt to break the resistance levels: 1.1130, 1.1250. In turn, on the interval H4 chart appeared impressive size formation INSIDE BAR. Best method to play this formation is to open position according to the breaking out level of maximum or minimum “mother” candle . However, in this case, this candle is so large that its rather pointless to play it. So better maybe to focus on support and resistance. The closest support levels are at 1.1020, 1.0960. Resistances: 1.1130, 1.1250.