EUR/USD | Euro tso US Dollar Trading Analysis

Source: PaxForex Premium Analytics Portal, Technical Insight

EUR/USD strengthens beyond mid-1.1200s, highest since February 2022 on weaker USD.

EUR/USD,D1

Pivot: 1.1285

Analysis:

While the price is above 1.1100, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 1.1285
• Take Profit 1: 1.1300
• Take Profit 2: 1.1400

Alternative scenario:

While the price is above 1.1100, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 1.1100
• Take Profit 1: 1.1000
• Take Profit 2: 1.0900

Comment:

RSI shows the development of an uptrend in the medium term.