The EUR/USD currency pair trades with a neutral bias after facing strong resistance around the 1.098 level. Extended by a double-top pattern, the resistance level is a solid resistance for the euro today.

On the lower side, the EUR/USD pair has immediate support around the 1.0952 level, and a substantial sell-off could push the pair further down toward the 1.0930 or 1.0910 levels. However, if the EUR/USD breaks above 1.0985, it can target resistance levels of 1.1000 or 1.1018.

 EUR/USD Price Chart - Source: Tradingview

EUR/USD Trade Idea

Entry Price – Sell Below 

Stop Loss – 1.10068

Take Profit – 1.09537

Risk to Reward – 1 : 1.1

Profit & Loss Per Standard Lot = +$280/ -$250

Profit & Loss Per Micro Lot = +$28/ -$25

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