FX.co ★ EUR/USD

Hello everyone and profitable trading! We have shifted in the EUR/USD pair towards a continuation of price growth today due to the fact that we managed to move above the resistance level of 1.1437. However, the current daily candle has not closed yet, and this means that sellers still have time until the end of today’s trading session to push the price back below the 1.1437 level, in which case this current breakout would become the fourth false breakout in the last two weeks. But as long as the EUR/USD pair is above the 1.1437 level, then both on the hourly and four-hour timeframes, according to the Envelopes, this is a buy zone, which means long positions are a priority, with the resistance level of 1.1471 as the target.