Source: PaxForex Premium Analytics Portal, Technical Insight

EUR/USD cuts losses and rises above 1.1800 again.

EUR/USD,D1

Pivot: 1.1804

Analysis:

While the price is below 1.1910, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 1.1804
• Take Profit 1: 1.1750
• Take Profit 2: 1.1660

Alternative scenario:

If the level 1.1910 is broken-out, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 1.1910
• Take Profit 1: 1.1980
• Take Profit 2: 1.2060

Comment:

RSI shows the development of a downtrend in the medium term.

Key levels: