Source: PaxForex Premium Analytics Portal, Technical Insight
EUR/USD retreats from daily highs, stays above 1.1000.
EUR/USD,D1
Pivot: 1.0999
Analysis:
While the price is below 1.1100, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.0999
- Take Profit 1: 1.0900
- Take Profit 2: 1.0800
Alternative scenario:
If level 1.1100 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.1100
- Take Profit 1: 1.1150
- Take Profit 2: 1.1250
Comment:
RSI shows the development of a downtrend in the medium term.
Resistance | Support |
1.1250 | 1.0900 |
1.1150 | 1.0800 |
1.1100 | 1.0700 |