Offers around 1.1125/30 keep the euro on the back foot
Market chatter is that leveraged sellers are on the offer around 1.1125/30 and that's marked the high following the bounce from 1.1062
That move down found support just ahead of the stronger 1.1040/50 and it looks like traders are parking the bus just ahead of it at the late Apr/early May lows at 1.1060
EURUSD H4 chart
So 1.1060 is the near level we have to watch support wise, and 1.1125/30 up top. Should we get above there then 1.1150/60 looks the next likely resistance area, then 1.1185/90 and stronger at 1.1220
Ordinarily the support down here would look strong enough to play a long from but with the FOMC minutes risk it might be wiser to leave it alone until the dust settles
