Source: PaxForex Premium Analytics Portal, Technical Insight
ECB, Rehn: we haven't discussed moving away from PEPP.
EUR/USD,D1
Pivot: 1.2098
Analysis:
While the price is above 1.1980, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.2098
- Take Profit 1: 1.2265
- Take Profit 2: 1.2350
Alternative scenario:
If the level 1.1980 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.1980
- Take Profit 1: 1.1880
- Take Profit 2: 1.1775
Comment:
RSI shows the development of an uptrend in a medium term.
Key levels:
Resistance | Support |
1.2450 | 1.1980 |
1.2350 | 1.1880 |
1.2265 | 1.1775 |