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: