Source: PaxForex Premium Analytics Portal, Technical Insight
EUR/USD remains indecisive around 1.0600, after the latest whipsaw, as it retreats from an intraday high during early Tuesday morning in Europe. The major currency pair’s latest moves could be linked to the US Dollar’s zigzag amid mixed concerns and a light calendar.
EUR/USD,D1
Pivot: 1.0542
Analysis:
While the price is above 1.0300, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.0583
- Take Profit 1: 1.0660
- Take Profit 2: 1.0800
Alternative scenario:
If the level 1.0300 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.0300
- Take Profit 1: 1.0150
- Take Profit 2: 1.0000
Comment:
RSI shows the development of an uptrend in the medium term.
| Resistance | Support |
| 1.0900 | 1.0300 |
| 1.0800 | 1.0150 |
| 1.0600 | 1.0000 |
