EUR/USD | Euro tso US Dollar Trading Analysis

Source: PaxForex Premium Analytics Portal, Technical Insight

EUR/USD: A test of the 2023 high appears on the cards – UOB Group.

EUR/USD,D1

Pivot: 1.1012

Analysis:

While the price is above 1.0850, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 1.1012
• Take Profit 1: 1.1060
• Take Profit 2: 1.1130

Alternative scenario:

While the price is above 1.0850, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 1.0850
• Take Profit 1: 1.0800
• Take Profit 2: 1.0750

Comment:

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