Source: PaxForex Premium Analytics Portal, Technical Insight
The EUR/USD pair has moved into a consolidation phase - UOB.
EUR/USD,D1
Pivot: 1.0674
Analysis:
While the price is above 1.0650, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.0674
- Take Profit 1: 1.0800
- Take Profit 2: 1.0940
Alternative scenario:
If the level 1.0650 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.0650
- Take Profit 1: 1.0460
- Take Profit 2: 1.0350
Comment:
RSI shows the development of an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 1.1050 | 1.0650 |
| 1.0940 | 1.0460 |
| 1.0800 | 1.0350 |
