Technical alert: EURUSD

EURUSD is trading lower following yesterday’s gains. One should expect elevated volatility at 1:30 PM GMT today as inflation data from the US will be released. Should the pair deepen declines, the key support to watch can be found at 1.11 handle. On the other hand, in case bulls regain control, resistance at 1.1163 could be at risk.

EURUSD H1 interval. Source: xStation5

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When performing transactions in the OTC Forex market, the possibility of making a profit is inextricably linked with the risk of losses.