Source: PaxForex Premium Analytics Portal, Technical Insight
EUR/USD risk extra losses below 1.0630, according to UOB Group.
EUR/USD,D1
Pivot: 1.6838
Analysis:
While the price is below 1.0860, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.6838
- Take Profit 1: 1.0650
- Take Profit 2: 1.0550
Alternative scenario:
If level 1.0860 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.0860
- Take Profit 1: 1.0950
- Take Profit 2: 1.1065
Comment:
RSI shows the development of a downtrend in the medium term.
Resistance | Support |
1.1065 | 1.0650 |
1.0950 | 1.0550 |
1.0860 | 1.0450 |