Source: PaxForex Premium Analytics Portal, Technical Insight
EUR/USD: The pair's rise has stalled at 1.1610.
EUR/USD,D1
Pivot: 1.1611
Analysis:
While the price is below 1.1800, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.1611
- Take Profit 1: 1.1500
- Take Profit 2: 1.1420
Alternative scenario:
If the level 1.1800 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.1800
- Take Profit 1: 1.1910
- Take Profit 2: 1.1980
Comment:
RSI shows the development of a downtrend in the medium term.
Key levels:
| Resistance | Support |
| 1.1980 | 1.1500 |
| 1.1910 | 1.1420 |
| 1.1800 | 1.1300 |
