Source: PaxForex Premium Analytics Portal, Technical Insight
EUR/USD may soon test the lows of the year - HSBC.
EUR/USD,D1
Pivot: 1.1870
Analysis:
While the price is below 1.1980, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.1870
- Take Profit 1: 1.1700
- Take Profit 2: 1.1600
Alternative scenario:
If the level 1.1980 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.1980
- Take Profit 1: 1.2100
- Take Profit 2: 1.2190
Comment:
RSI shows the development of a downtrend in the medium term.
Key levels:
Resistance | Support |
1.2190 | 1.1700 |
1.2100 | 1.1600 |
1.1980 | 1.1490 |