Source: PaxForex Premium Analytics Portal, Technical Insight
EUR/USD: chances to test 1.1500 are decreasing - UOB Group.
EUR/USD,D1
Pivot: 1.1552
Analysis:
While the price is below 1.1800, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.1552
- Take Profit 1: 1.1490
- Take Profit 2: 1.1420
Alternative scenario:
If the level 1.1800 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.1800
- Take Profit 1: 1.1910
- Take Profit 2: 1.1980
Comment:
RSI shows the development of a downtrend in the medium term.
Key levels:
| Resistance | Support |
| 1.1980 | 1.1490 |
| 1.1910 | 1.1420 |
| 1.1800 | 1.1300 |
