The US dollar survived the best quarter since 2016, taking advantage of demand as a reserve currency amid the coronavirus epidemic. Although EUR/USD has already retreated from its lows 2 weeks ago, it may continue to grow amid a portfolio correction at the end of the month.
EUR/USD, 30 min
Pivot: 1.1010
Analysis:
Provided that the currency pair is traded above 1.0995, follow the recommendations below:
The timeframe: 30 min
Recommendation: long position
Entry point: 1.1010
Take Profit 1: 1.1055
Take Profit 2: 1.1105
Alternative scenario:
In case of breakdown of the level 1.0995, follow the recommendations below:
The timeframe: 30 min
Recommendation: short position
Entry point: 1.0995
Take Profit 1: 1.0965
Take Profit 2: 1.925
Comment:
EUR/USD during the day: the trend remains bullish. RSI is mixed, rather bullish.
Key levels:
Resistance
Support
1.1145
1.0995
1.1105
1.0965
1.1055
1.0925
EUR/USD, D1
Pivot: 1.1060
Analysis:
While the price is above 1.1000, follow the recommendations below:
Time frame: D1
Recommendation: long position
Entry point: 1.1000
Take Profit 1: 1.1230
Take Profit 2: 1.1350
Alternative scenario:
If the level 1.0950 is broken-down, follow the recommendations below.
Time frame: D1
Recommendation: short position
Entry point: 1.0950
Take Profit 1: 1.0780
Take Profit 2: 1.0630
Comment:
EUR/USD may rise by 116-236 points. RSI indicates an upward momentum.
Key levels:
Resistance
Support
1.1490
1.0950
1.1350
1.0780
1.1230
1.0630
We also advise you to pay attention to the following currency pairs for intra-day trading:
GBP/USD – buy above 1.2355 with 1.2440 and 1.2480 as Take Profit targets. Alternative scenario - if the level of 1.2355 is broken-down, you should consider selling with the targets 1.2295 and 1.2240 as Take Profit. EUR/JPY - long positions below 118.16 with 120.48 and 119.55 targets as Take Profit. Alternative scenario - if the level of 118.16 is broken-down, sell with the targets 117.49 and 117.10 as Take Profit. EUR/GBP - buy above 0.8843 with 0.8972 and 0.9008 targets as Take Profit. Alternative scenario - if the level 0. 8843 is broken-down, sell with the TP 0.8783 and 0.8748.
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