Looking 4h chart price is somehow trapped between 2 trend lines, which are forming triangle.


Today price was respecting 61.8% Fibonacci retrace, where I also marked my level of interest. In this kind of situations is best to wait for a break and then for a retest of upper or lower trend line, since price will break them sooner than later. I have drawn two possible options. First break of upper trend line and then retest and then long (1). Second, break of lower trend line, retest and then long. Next support is seen at 78.6 % Fibonacci retrace at round 1.1030 to 1.1000 psychological level. Next resistance is at 1.1350 where is WPP and then at psychological level 1.1400.
Tomorrow there are quite a few middle ranged news in EU, in US we have red news ISM Manufacturing PMI.

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