Source: PaxForex Premium Analytics Portal, Technical Insight

The Financial Times quoted an unnamed ECB spokesman as saying that euro growth "is always worrying amid low demand," which again collapsed the single currency, which had previously been weakened by a statement by Bank Chief Economist Lane, who said the Central Bank was monitoring the euro.

EUR/USD, 30 min

Pivot: 1.1852

Analysis:

Provided that the currency pair is traded above 1.1820, follow the recommendations below:

• Time frame: 30 min
• Recommendation: long position
• Entry point: 1.1852
• Take Profit 1: 1.1865
• Take Profit 2: 1.1895

Alternative scenario: 

In case of breakdown of the level 1.1820, follow the recommendations below:

• Time frame: 30 min
• Recommendation: short position
• Entry point: 1.1820
• Take Profit 1: 1.1790
• Take Profit 2: 1.1760

Comment:

RSI is bullish and indicates an uptrend within a day.

Key levels:

EUR/USD, D1

Pivot: 1.1853

Analysis:

While the price is above 1.1700, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 1.1853
• Take Profit 1: 1.2015
• Take Profit 2: 1.2150

Alternative scenario:

If the level 1.1700 is broken-down, follow the recommendations below.

• Time frame: D1
• Recommendation: short position
• Entry point: 1.1700
• Take Profit 1: 1.1490
• Take Profit 2: 1.1380

Comment:

RSI shows the continuation of an uptrend in a medium term.

Key levels:

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

USD/CAD – buy above 1.3090 with 1.3165 and 1.3200 targets as Take Profit. Alternative scenario - if the level 1.3090 is broken-down, sell with the TP 1.3065 and 1.3035.
GBP/USD - long positions above 1.3240 with 1.3320 and 1.3355 targets as Take Profit. Alternative scenario - if the level of 1.3240 is broken-down, sell with the targets 1.3210 and 1.3190 as Take Profit.
AUD/USD – sell below 0.7300 with 0.7250 and 0.7230 as Take Profit targets. Alternative scenario - if the level of 0.7300 is broken-out, you should consider buying with the targets 0.7320 and 0.7340 as Take Profit.