Source: PaxForex Premium Analytics Portal, Technical Insight

Reuters reported citing informed sources that ECB officials will hold a three-day meeting starting on June 18 in which they will review the bank's strategy.

EUR/USD,D1

Pivot: 1.2185

Analysis:

While the price is above 1.1980, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 1.2185
• Take Profit 1: 1.2350
• Take Profit 2: 1.2450

Alternative scenario:

If the level 1.1980 is broken-down, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 1.1980
• Take Profit 1: 1.1880
• Take Profit 2: 1.1775

Comment:

RSI shows the development of an uptrend in a medium term.

Key levels: