Source: PaxForex Premium Analytics Portal, Technical Insight
EUR/USD: breakout of 1.14 will cause a fall to 1.1350 - Scotiabank.
EUR/USD,D1
Pivot: 1.1416
Analysis:
While the price is below 1.1530, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.1416
- Take Profit 1: 1.1350
- Take Profit 2: 1.1170
Alternative scenario:
If the level 1.1530 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.1530
- Take Profit 1: 1.1690
- Take Profit 2: 1.1800
Comment:
RSI shows the development of a downtrend in the medium term.
Key levels:
| Resistance | Support |
| 1.1800 | 1.1350 |
| 1.1690 | 1.1170 |
| 1.1530 | 1.1100 |
