Source: PaxForex Premium Analytics Portal, Technical Insight
EUR/USD: The Euro is stable with eyes on parity again.
EUR/USD,D1
Pivot: 1.0001
Analysis:
While the price is above 0.9870, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.0001
- Take Profit 1: 1.0100
- Take Profit 2: 1.0300
Alternative scenario:
If the level 0.9870 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.9870
- Take Profit 1: 0.9730
- Take Profit 2: 0.9570
Comment:
RSI shows the development of an uptrend in the medium term.
| Resistance | Support |
| 1.0400 | 0.9870 |
| 1.0300 | 0.9730 |
| 1.0100 | 0.9570 |
