Tatiana Norkina, FBS analyst
Increased volatility is observed in currency markets this morning. Thus, the Eurodollar has again opened a new trading week with a gapdown, going below the 1.1000 figure right away. However, during the Asian session, the currency pair rate has returned to the Friday's closing levels, into the 1.1080 area.
At the same time, the four-hour situation is still not favoring the pair's purchases: the dead cross and the bearish cloud are obvious to restarain all possible attacks of the bulls for quite a long time.
Technical levels: support – 1.0970/1.1000; resistance – 1.1080, 1.1100.
1. Sell — 1.1100; SL — 1.1120; TP1 — 1.1000; TP2 — 1.0950.