FX.co ★ Don't buy EURUSD near this level!

Good day, dear traders! I present to your attention the analysis of the EURUSD pair.

So, yesterday, after the weekend in the United States, associated with the celebration of Martin Luther King Day, American traders began to strengthen the position of the national currency throughout the American session:

This is a classic trap for buyers who can hide their risks only for a clear and beautiful extremum of December at the level of 1.10646:

According to the "Stop Hunting" and "Price Action" method, the price is more likely to break the level of 1.10646. Therefore, those who want to buy with a stop for this level - I want to warn against such actions. For sellers, this level is an excellent and logically verified point of profit-taking. Take your profits and spend money - that's why we work in the market!

Good luck with trading and control your risks!