Source: PaxForex Premium Analytics Portal, Technical Insight
EUR/USD consolidates around 1.0765-70 area/100-day SMA, US CPI awaited.
EUR/USD,D1
Pivot: 1.0776
Analysis:
While the price is above 1.0755, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.0776
- Take Profit 1: 1.1040
- Take Profit 2: 1.1180
Alternative scenario:
If level 1.0755 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.0755
- Take Profit 1: 1.0700
- Take Profit 2: 1.0600
Comment:
RSI shows the development of an uptrend in the medium term.
| Resistance | Support |
| 1.1250 | 1.0755 |
| 1.1180 | 1.0700 |
| 1.1040 | 1.0600 |
