EUR/USD | Euro tso US Dollar Trading Analysis

Source: PaxForex Premium Analytics Portal, Technical Insight

EUR/USD could advance to the 1.0850 region – UOB Group.

EUR/USD,D1

Pivot: 1.0789

Analysis:

While the price is above 1.0670, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 1.0789
• Take Profit 1: 1.0830
• Take Profit 2: 1.0920

Alternative scenario:

If level 1.0670 is broken-down, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 1.0670
• Take Profit 1: 1.0600
• Take Profit 2: 1.0540

Comment:

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