Source: PaxForex Premium Analytics Portal, Technical Insight
EUR/USD finds thin gains on Monday, but technicals weigh heavy ahead of US inflation updates.
EUR/USD,D1
Pivot: 1.0786
Analysis:
While the price is above 1.0650, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.0786
- Take Profit 1: 1.0800
- Take Profit 2: 1.0900
Alternative scenario:
If level 1.0650 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.0650
- Take Profit 1: 1.0560
- Take Profit 2: 1.0500
Comment:
RSI shows the development of an uptrend in the medium term.
| Resistance | Support |
| 1.1000 | 1.0650 |
| 1.0900 | 1.0560 |
| 1.0800 | 1.0500 |
