The euro is pressed against the lower limit of the range, but the strength of the sellers is not enough to start a strong downward movement.
This creates opportunities for both sellers and buyers. Forces are approximately equal, and the movement can begin in any direction.
We are ready to buy the euro from 1.1315 stop at 1.1270 - the advantage in this case is that the stop will be at a good point.
However, we are ready to sell at a breakdown down to 1.1245 - perhaps the beginning of a strong downward movement.
