Following the false breakout above 1.1224, EUR dropped almost 100 pips and could still fall today. The current upward consolidation is a retracement in form of a flag and is not good to be bought, instead, I'm waiting for a breakout below this flag to short EUR towards 1.1082. On the hourly chart above, the current upward consolidations to rise towards 1.1167, thus, as a conservative trader, you could place a pending sell limit order around 1.1167 just in case the price retrace back to this resistance line.
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.