Source: PaxForex Premium Analytics Portal, Technical Insight

EUR/USD is under pressure after ECB head Lagarde expressed concerns about inflation, while demand for a safe US dollar is growing after the first presidential debate.

EUR/USD, 30 min

Pivot: 1.1746

Analysis:

Provided that the currency pair is traded above 1.1715, follow the recommendations below:

• Time frame: 30 min
• Recommendation: long position
• Entry point: 1.1746
• Take Profit 1: 1.1775
• Take Profit 2: 1.1795

Alternative scenario: 

In case of breakdown of the level 1.1715, follow the recommendations below:

• Time frame: 30 min
• Recommendation: short position
• Entry point: 1.1715
• Take Profit 1: 1.1685
• Take Profit 2: 1.1665

Comment:

RSI is bullish and indicates an uptrend within a day.

Key levels:

EUR/USD, D1

Pivot: 1.1703

Analysis:

While the price is below 1.1850, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 1.1703
• Take Profit 1: 1.1610
• Take Profit 2: 1.1500

Alternative scenario:

If the level 1.1850 is broken-out, follow the recommendations below.

• Time frame: D1
• Recommendation: long position
• Entry point: 1.1850
• Take Profit 1: 1.2015
• Take Profit 2: 1.2150

Comment:

RSI shows the continuation of a downtrend in a medium term.

Key levels:

We also advise you to pay attention to the following currency pairs for intraday trading:

USD/CAD – sell below 1.3330 with 1.3255 and 1.3230 targets as Take Profit. Alternative scenario - if the level 1.3330  is broken-out, buy with the TP 1.3350 and 1.3370.
GBP/USD - long positions above 1.2895 with 1.2980 and 1.3000 targets as Take Profit. Alternative scenario - if the level of 1.2895 is broken-down, sell with the targets 1.2875 and 1.2840 as Take Profit.
AUD/USD – buy above 0.7150 with 0.7220 and 0.7240 as Take Profit targets. Alternative scenario - if the level of 0.7150 is broken-down, you should consider selling with the targets 0.7130 and 0.7105 as Take Profit.