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.