Source: PaxForex Premium Analytics Portal, Technical Insight
EUR/USD: rising bets for further upside – UOB.
EUR/USD,D1
Pivot: 1.0381
Analysis:
While the price is above 1.0100, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.0381
- Take Profit 1: 1.0500
- Take Profit 2: 1.0800
Alternative scenario:
If the level 1.0100 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.0100
- Take Profit 1: 0.9935
- Take Profit 2: 0.9750
Comment:
RSI shows the development of an uptrend in the medium term.
| Resistance | Support |
| 1.0900 | 1.0100 |
| 1.0800 | 0.9935 |
| 1.0500 | 0.9750 |
