Source: PaxForex Premium Analytics Portal, Technical Insight
EUR/USD posts modest gains above 1.0850, all eyes on the US presidential election results.
EUR/USD,D1
Pivot: 1.0878
Analysis:
While the price is below 1.1000, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.0878
- Take Profit 1: 1.0800
- Take Profit 2: 1.0700
Alternative scenario:
If level 1.1000 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.1000
- Take Profit 1: 1.1100
- Take Profit 2: 1.1200
Comment:
RSI shows the development of a downtrend in the medium term.
| Resistance | Support |
| 1.1200 | 1.0800 |
| 1.1100 | 1.0700 |
| 1.1000 | 1.0600 |
