EUR/USD | Euro to US Dollar Trading Analysis

Source: PaxForex Premium Analytics Portal, Technical Insight

EUR/USD keeps its consolidation well in place – UOB.

EUR/USD,D1

Pivot: 1.0018

Analysis:

While the price is below 0.9850, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 0.9825
• Take Profit 1: 0.9500
• Take Profit 2: 0.9400

Alternative scenario:

If the level 0.9850 is broken-out, follow the recommendations below

• Time frame: D1
• Recommendation: long position
• Entry point: 0.9850
• Take Profit 1: 1.0000
• Take Profit 2: 1.0130

Comment:

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