Source: PaxForex Premium Analytics Portal, Technical Insight
EUR/USD holds steady above parity ahead of Lagarde.
EUR/USD,D1
Pivot: 1.0018
Analysis:
While the price is above 0.9950, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.0018
- Take Profit 1: 1.0130
- Take Profit 2: 1.0260
Alternative scenario:
If the level 0.9950 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.9950
- Take Profit 1: 0.9850
- Take Profit 2: 0.9800
Comment:
RSI shows the development of an uptrend in the medium term.
| Resistance | Support |
| 1.0350 | 0.9950 |
| 1.0260 | 0.9800 |
| 1.0130 | 0.9750 |
