On Monday, the US dollar suffered heavy losses due to the drastic actions of the Federal Reserve, which aims to support the country's economy as the coronavirus increasingly interferes with global economic activity.
EUR/USD, 30 min
Pivot - 1.1169
On Monday, the US dollar suffered heavy losses due to the drastic actions of the Federal Reserve, which aims to support the country's economy as the coronavirus increasingly interferes with global economic activity.
Pivot - 1.1169
Provided that the currency pair is traded above 1.1150, follow the recommendations below:
In case of breakdown of the level 1. 1150, follow the recommendations below:
RSI shows upward momentum. EUR/USD may rise by 31-66 points during the day.
Resistance | Support |
1.1270 | 1.1150 |
1.1235 | 1.1120 |
1.1200 | 1.1090 |
Pivot: 1.1179
While the price is below 1. 1250, follow the recommendations below:
If the level 1. 1250 is broken-down, follow the recommendations below.
RSI shows the absence of upward trend. After the false break-down of 1.1451 EUR/USD pair might fall by 129-204 pips. There is also a graphical pattern of trend change - head and shoulders.
Resistance | Support |
1.1450 | 1.1090 |
1.1365 | 1.0994 |
1.1250 | 1.0880 |
NZD/USD – buy above 0.6028 with 0.6088 and 0.6100 as Take Profit targets. Alternative scenario - if the level of 0.6028 is broken-down, you should consider selling with the targets 0.6008 and 0.5997 as Take Profit.
GBP/USD - short positions above 1.2300 with 1. 2200 and 1.2150 targets as Take Profit. Alternative scenario - if the level of 1.2300 is broken-down, buy with the targets 1.2335 and 1.2370 as Take Profit.
USD/CHF - sell below 0.9525 with 0.9415 and 0.9445 targets as Take Profit. Alternative scenario - if the level 0.9525 is broken-down, buy with the TP 0.9560 and 0.9600.
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