1.1 is a psychological level which provably acted as an important market structure over the last few days. I highlighted 1.1005 which is slightly above as that is where candle bodies end more often.
I will take a short from this level. EUR should weaken against dollar as Russia threatens to turn off the oil unless it is paid for in Rubbles. USD, on the other hand, is still viewed as one of the safe havens among currencies.
I will take a short from this level. EUR should weaken against dollar as Russia threatens to turn off the oil unless it is paid for in Rubbles. USD, on the other hand, is still viewed as one of the safe havens among currencies.