Source: PaxForex Premium Analytics Portal, Technical Insight
ECB Governing Council member Kazimir: renewed tactics mean we will not allow for sustained inflation.
EUR/USD,D1
Pivot: 1.1868
Analysis:
While the price is below 1.1985, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.1868
- Take Profit 1: 1.1775
- Take Profit 2: 1.1700
Alternative scenario:
If the level 1.1985 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.1985
- Take Profit 1: 1.2100
- Take Profit 2: 1.2190
Comment:
RSI shows the development of a downtrend in the medium term.
Key levels:
| Resistance | Support |
| 1.2190 | 1.1775 |
| 1.2100 | 1.1700 |
| 1.1985 | 1.1600 |
