Trading recommendations:
According to the previous events, the EUR/USD pair has still been trapped between the level of 1.2315 and 1.2440. Strong resistance will be formed at the level of 1.2478 (61.8% Fibonacci retracement levels) providing a clear signal for sell deals with the targets at 1.1403 and 1.1317. Stop-loss is to be placed above 1.1480. Strong support will be formed at the level of 1.2283 providing a clear signal for buy deals with the targets seen at the 1.2390 and 1.2441 levels. Stop-loss is to be placed below the level of 1.2283. This level represents the double bottom on the H1 chart.Observations:
The double top will be set at the level of 1.2506 and the double bottom has already been set at the mark of 1.2283. The value of 61.8% Fibonacci retracement levels is 1.2478 (for confirming the bearish market). We expect a range of 124 pips today. But it should be noted that the risk of 80 pips must make a profit of 120 pips. Volatility: 246.79.