Technical alert: EURUSD

Despite a lower volatility, the main trend on EURUSD remains downward. Looking at the H1 interval, one can see that the price one again bounced off the upper limit of Overbalance structure. Therefore the 1.0860 handle can be considered as the nearest resistance to watch, as long as the price sits below, the downward move looks to be a more probable scenario. However, a break higher this hurdle may open a way to a bigger correction move (even towards 1.0900). 

EURUSD H1 interval. Source: xStation5

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