Technical alert: EURUSD

EURUSD is trading lower after bouncing off the resistance area at 1.1055. The nearest support to watch is marked with the upper limit of 1:1 structure (red rectangle). If buyers manage to halt declines at 1.0944 handle, another upward move could be launched. However, in case of breaking lower, downward move may extend to as low as 1.0815, where the 61.8% Fibonacci retracement and the previous price reactions can be found.

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.