Source: PaxForex Premium Analytics Portal, Technical Insight
Federal Reserve, Brainard: it's important to strengthen the financial system to deal with climate change:
The Fed has made progress in trying to take climate concerns into account when setting policy;
The Fed plans to work with other U.S. financial regulators on climate change in the coming years;
The Fed also plans to work with other foreign banks on climate change research.
EUR/USD, 30 min
Pivot: 1.2227
Analysis:
Provided that the currency pair is traded below 1.2250, follow the recommendations below:
- Time frame: 30 min
- Recommendation: short position
- Entry point: 1.2227
- Take Profit 1: 1.2180
- Take Profit 2: 1.2155
Alternative scenario:
In case of breakout of the level 1.2250, follow the recommendations below:
- Time frame: 30 min
- Recommendation: long position
- Entry point: 1.2250
- Take Profit 1: 1.2275
- Take Profit 2: 1.2300
Comment:
RSI is bearish and indicates a downtrend within a day.
Key levels:
Resistance | Support |
1.2300 | 1.2180 |
1.2275 | 1.2155 |
1.2250 | 1.2130 |
EUR/USD, D1
Pivot: 1.2207
Analysis:
While the price is above 1.2050, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.2207
- Take Profit 1: 1.2300
- Take Profit 2: 1.2410
Alternative scenario:
If the level 1.2050 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.2050
- Take Profit 1: 1.1925
- Take Profit 2: 1.1745
Comment:
RSI shows the development of an uptrend in a medium term.
Key levels:
Resistance | Support |
1.2550 | 1.2050 |
1.2410 | 1.1925 |
1.2300 | 1.1745 |
We also advise you to pay attention to the following currency pairs for intraday trading:
USD/CAD – buy above 1.2820 with 1.2890 and 1.2925 targets as Take Profit. Alternative scenario - if the level 1.2820 is broken-down, sell with the TP 1.2785 and 1.270.
GBP/USD - short positions below 1.3460 with 1.3320 and 1.3285 targets as Take Profit. Alternative scenario - if the level of 1.3460 is broken-out, buy with the targets 1.3500 and 1.3535 as Take Profit.
AUD/USD – sell below 0.7600 with 0.7520 and 0.7500 as Take Profit targets. Alternative scenario - if the level of 0.7600 is broken-out, you should consider buying with the targets 0.7625 and 0.7640 as Take Profit.