Source: PaxForex Premium Analytics Portal, Technical Insight
EUR/USD: Downward momentum gathers traction – UOB.
EUR/USD,D1
Pivot: 1.0832
Analysis:
While the price is above 1.0800, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.0832
- Take Profit 1: 1.1040
- Take Profit 2: 1.1180
Alternative scenario:
If level 1.0800 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.0800
- Take Profit 1: 1.0700
- Take Profit 2: 1.0600
Comment:
RSI shows the development of an uptrend in the medium term.
| Resistance | Support |
| 1.1250 | 1.0800 |
| 1.1180 | 1.0700 |
| 1.1040 | 1.0600 |
