Source: PaxForex Premium Analytics Portal, Technical Insight
EUR/USD slips as ECB rate cut expectations weigh, drops below 1.1100.
EUR/USD,D1
Pivot: 1.1036
Analysis:
While the price is above 1.1000, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.1036
- Take Profit 1: 1.1250
- Take Profit 2: 1.1350
Alternative scenario:
If level 1.1000 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.1000
- Take Profit 1: 1.0900
- Take Profit 2: 1.0800
Comment:
RSI shows the development of an uptrend in the medium term.
| Resistance | Support |
| 1.1450 | 1.1000 |
| 1.1350 | 1.0900 |
| 1.1250 | 1.0800 |
