Source: PaxForex Premium Analytics Portal, Technical Insight
The EUR/USD came under a strong bearish pressure during Thursday's American session and touched the low from May 17 at 1.2130.
EUR/USD, D1
Pivot: 1.2181
Analysis:
While the price is above 1.1980, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.2181
- Take Profit 1: 1.2350
- Take Profit 2: 1.2450
Alternative scenario:
If the level 1.1980 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.1980
- Take Profit 1: 1.1880
- Take Profit 2: 1.1775
Comment:
RSI shows the development of an uptrend in a medium term.
Key levels:
| Resistance | Support |
| 1.2555 | 1.1980 |
| 1.2450 | 1.1880 |
| 1.2350 | 1.1775 |
