Source: PaxForex Premium Analytics Portal, Technical Insight
EUR/USD approaches 1.0900 amid upbeat market mood ahead of US Inflation.
EUR/USD,D1
Pivot: 1.0890
Analysis:
While the price is below 1.0750, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.0890
- Take Profit 1: 1.1000
- Take Profit 2: 1.1100
Alternative scenario:
If the level 1.0750 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.0750
- Take Profit 1: 1.0700
- Take Profit 2: 1.0650
Comment:
RSI shows the development of an uptrend in the medium term.
Resistance | Support |
1.1200 | 1.0750 |
1.1100 | 1.0700 |
1.1000 | 1.0650 |