Source: PaxForex Premium Analytics Portal, Technical Insight
EUR/USD steadies near 1.0500 after reversing from a multi-day high, Fed vs. ECB concerns eyed.
EUR/USD,D1
Pivot: 1.0357
Analysis:
While the price is above 1.0300, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.0479
- Take Profit 1: 1.0600
- Take Profit 2: 1.0800
Alternative scenario:
If the level 1.0300 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.0300
- Take Profit 1: 1.0150
- Take Profit 2: 1.0000
Comment:
RSI shows the development of an uptrend in the medium term.
Resistance | Support |
1.0900 | 1.0300 |
1.0800 | 1.0150 |
1.0600 | 1.0000 |