FX.co ★ Trading plan EURUSD 11/05/2019

Monday passed quietly.

The euro continues to meet serious resistance on the way up in the zone of 1.1180 – 1.1200.

This creates the possibility that the euro will not be able to overcome this obstacle and perhaps the upward trend will stop and turn into a range.

We keep purchases from the levels of 1.0945 – 1.1005 with a stop at 1.1070.

At the level of 1.1070, we are making a downward turn.

Today, important news on the US economy – ISM services sector index at 16:00 London time.