Source: PaxForex Premium Analytics Portal, Technical Insight
The EUR/USD pair meets with some supply during the Asian session on Tuesday and snaps a three-day winning streak to a nearly one-month high touched the previous day.
EUR/USD,D1
Pivot: 1.0699
Analysis:
While the price is below 1.0750, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.0699
- Take Profit 1: 1.0500
- Take Profit 2: 1.0300
Alternative scenario:
If the level 1.0750 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.0750
- Take Profit 1: 1.0875
- Take Profit 2: 1.1000
Comment:
RSI shows the development of a downtrend in the medium term.
| Resistance | Support |
| 1.1000 | 1.0500 |
| 1.0875 | 1.0300 |
| 1.0750 | 1.0150 |
