The main factor of pressure on the dollar is the news about the launch of the Fed unlimited program QE. Supporting stock markets and putting pressure on the dollar is the Senate's adoption of a bill on a $2 trillion economic assistance program.
EUR/USD, 30 min
Pivot: 1.1080
Analysis:
Provided that the currency pair is traded above 1.1140, follow the recommendations below:
The timeframe: 30 min
Recommendation: short position
Entry point: 1.1080
Take Profit 1: 1.1060
Take Profit 2: 1.1020
Alternative scenario:
In case of breakdown of the level 1.1140, follow the recommendations below:
The timeframe: 30 min
Recommendation: long position
Entry point: 1.1140
Take Profit 1: 1.1190
Take Profit 2: 1.1235
Comment:
EUR/USD during the day: under pressure. RSI is directed negatively.
Key levels:
Resistance
Support
1.1235
1.1060
1.1190
1.1020
1.1140
1.0950
EUR/USD, D1
Pivot: 1.1100
Analysis:
While the price is below 1.1195, follow the recommendations below:
Time frame: D1
Recommendation: short position
Entry point: 1.1100
Take Profit 1: 1.0970
Take Profit 2: 1.0770
Alternative scenario:
If the level 1.1195 is broken-down, follow the recommendations below.
Time frame: D1
Recommendation: long position
Entry point: 1.1195
Take Profit 1: 1.1370
Take Profit 2: 1.1490
Comment:
EUR/USD may enter a short consolidation zone.
Key levels:
Resistance
Support
1.1490
1.0970
1.1370
1.0770
1.1195
1.0650
We also advise you to pay attention to the following currency pairs for intra-day trading:
GBP/USD – sell below 1.2475 with 1.2290 and 1.2205 as Take Profit targets. Alternative scenario - if the level of 1.2475 is broken-down, you should consider buying with the targets 1.2560 and 1.2620 as Take Profit. EUR/JPY - short positions below 119.86 with 118.40 and 118.01 targets as Take Profit. Alternative scenario - if the level of 119.86 is broken-down, buy with the targets 120.90 and 120.51 as Take Profit. EUR/GBP - buy above 0.8893 with 0.9012 and 0.9044 targets as Take Profit. Alternative scenario - if the level 0. 8893 is broken-down, sell with the TP 0.8840 and 0.8808.
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