Source: PaxForex Premium Analytics Portal, Technical Insight

According to the President of the St. Louis Federal Reserve Bank J. Bullard in an interview with the Financial Times (FT):

1. The control of the yield curve is the last in the list of priorities of the Fed.

2. We're still in the middle of a crisis.

3. The threat of a financial crisis persists.

4. Without an effective policy, we could get a wave of bankruptcies, which could provoke a financial crisis.

5. It is necessary to make sure that the markets will not enter a state of complete freezing.

6. The Committee expects [rates] to remain low, markets expect us to do the same.

EUR/USD, 30 min

Pivot: 1.1285

Analysis:

Provided that the currency pair is traded above 1.1265, follow the recommendations below:

• Time frame: 30 min
• Recommendation: long position
• Entry point: 1.1285
• Take Profit 1: 1.1300
• Take Profit 2: 1.1315

Alternative scenario: 

In case of breakdown of the level 1.1265, follow the recommendations below:

• Time frame: 30 min
• Recommendation: short position
• Entry point: 1.1265
• Take Profit 1: 1.1240
• Take Profit 2: 1.220

Comment:

RSI is bullish and indicates a further increase.

Key levels:

EUR/USD, D1

Pivot: 1.1246

Analysis:

While the price is above 1.1100, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 1.1246
• Take Profit 1: 1.1375
• Take Profit 2: 1.1495

Alternative scenario:

If the level 1.1100 is broken-down, follow the recommendations below.

• Time frame: D1
• Recommendation: short position
• Entry point: 1.1100
• Take Profit 1: 1.1000
• Take Profit 2: 1.0870

Comment:

RSI shows the possibility of an uptrend with a medium-term period.

Key levels:

We also advise you to pay attention to the following currency pairs for intra-day trading:

USD/CAD – sell below 1.3565 with 1.3515 and 1.3495 targets as Take Profit. Alternative scenario - if the level 1.3565 is broken-out, buy with the TP 1.3580 and 1.3595.
GBP/USD - long positions above 1.2465 with 1.2525 and 1.2550 targets as Take Profit. Alternative scenario - if the level of 1.2465 is broken-down, sell with the targets 1.2435 and 1.2420 as Take Profit.
AUD/USD – buy above 0.6945 with 0.6990 and 0.7010 as Take Profit targets. Alternative scenario - if the level of 0.6945 is broken-down, you should consider selling with the targets 0.6920 and 0.6900 as Take Profit.