Volumetric analysis on February 11
At the end of last week EURUSD price dropped towards to support levels and traded there till the week end. Selling at current prices is definitely not worth it, as the probability of an upwards rebound exists. In this regard, it is better to wait for this rebound to the area of 1.1377-1.1400 and consider sales from there with the goal of 1.3030. Today is Monday, and big movements are not expected. You can also count on the second scenario -manifestation of the sellers' initiative, a breakdown of the 1.1288 price level and, where we could consider to sell with next target at 1.1250. It should be understood that for that scenario, it is better to see the corresponding fundamental background. Otherwise, this sample may be false breakthrough. And do not forget that buyers can begin to take the initiative and the price will rise higher than 1.1400 price tag. In this case, it is worthwhile to postpone trading on this instrument. Since the large flat script may return.
There is a lot of uncertainty around the English currency. And the false breakdown that took a place on Thursday makes us look at the pair in an upward trend. However, there are no special prerequisites for the growth of the English currency and the maximum goal for us is 1.3030. But the depreciation of the pound looks more preferable, in any case, in the current fundamental situation. But you can sell on the fact of updating the minimum of 1.2855. Then with a rollback you can sell with a view to 1.2750.
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