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:

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:

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.