Source: PaxForex Premium Analytics Portal, Technical Insight
EUR/USD has resumed its upside journey towards the psychological resistance of 1.1000 in the early European session. The major currency pair is showing resilience after recovery as the US Dollar Index (DXY) has retreated from 102.10.
EUR/USD,D1
Pivot: 1.0989
Analysis:
While the price is below 1.0750, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.0989
- Take Profit 1: 1.1100
- Take Profit 2: 1.1200
Alternative scenario:
If the level 1.0750 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.0750
- Take Profit 1: 1.0700
- Take Profit 2: 1.0650
Comment:
RSI shows the development of an uptrend in the medium term.
| Resistance | Support |
| 1.1300 | 1.0750 |
| 1.1200 | 1.0700 |
| 1.1100 | 1.0650 |
