Source: PaxForex Premium Analytics Portal, Technical Insight
EUR/USD churns in familiar territory ahead of EU inflation print.
EUR/USD,D1
Pivot: 1.0984
Analysis:
While the price is above 1.0950, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.0984
- Take Profit 1: 1.1150
- Take Profit 2: 1.1250
Alternative scenario:
If level 1.0950 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.0950
- Take Profit 1: 1.0900
- Take Profit 2: 1.0800
Comment:
RSI shows the development of an uptrend in the medium term.
| Resistance | Support |
| 1.1350 | 1.0950 |
| 1.1250 | 1.0900 |
| 1.1150 | 1.0800 |
