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Euro to US Dollar Trading Analysis | EUR/USD
After a sharp rise, the EUR/USD currency pair has stabilized and is being traded in a narrow range near the key resistance at 1.1451. In case of a breakdown and the price consolidation above this level, the asset is expected to keep growing.
EUR/USD, 30 min
Pivot - 1.1348
Provided that the currency pair is traded below 1.1300, follow the recommendations below:
The timeframe: 30 min
Recommendation: - long position
Entry point: 1. 1348
Take Profit 1: - 1. 1385
Take Profit 2: - 1. 1425
In case of breakdown of the level 1. 1300, follow the recommendations below:
The timeframe: 30 min
Recommendation - short position
Entry point: 1. 1300
Take Profit 1: 1. 1275
Take Profit 2: 1. 1245
RSI shows upward momentum. EUR/USD might fall by 33-77 pips.
While the price is above 1. 1100, follow the recommendations below:
Time frame: D1
Recommendation: long position
Entry point: 1.1370
Take Profit 1: 1. 1565
Take Profit 2: 1. 1700
If the level 1. 1100 is broken-down, follow the recommendations below.
Time frame: D1.
Recommendation: short position
Entry point: 1.1100
Take Profit 1: 1.0990
Take Profit 2: 1.0880
RSI shows buying power and further upward movement within the uptrend. EUR/USD may grow by 175-330 pints.
We also advise you to pay attention to the following currency pairs for intra-day trading:
NZD/USD – buy above 0.6266 with 0.6314 and 0.6326 as Take Profit targets. Alternative scenario - if the level of 0.6266 is broken-down, you should consider selling with the targets 0.6246 and 0.6234 as Take Profit. GBP/USD - long positions above 1.2885 with 1.2950 and 1.2980 targets as Take Profit. Alternative scenario - if the level of 1.2885 is broken-down, sell with the targets 1.2865 and 1.2840 as Take Profit. EUR/JPY - sell below 119.07 level with 117.99 and 117.70 targets as Take Profit. Alternative scenario - if the level 119.07 is broken-down, sell with the TP 119.56 and 119.86.
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