Source: PaxForex Premium Analytics Portal, Technical Insight
EUR/USD risks falling to 0.9870 and even to 0.9830 - UOB.
EUR/USD,D1
Pivot: 0.9941
Analysis:
While the price is below 1.0150, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.9941
- Take Profit 1: 0.9850
- Take Profit 2: 0.9800
Alternative scenario:
If the level 1.0150 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.0150
- Take Profit 1: 1.0260
- Take Profit 2: 1.0350
Comment:
RSI shows the development of a downtrend in the medium term.
Key levels:
| Resistance | Support |
| 1.0350 | 0.9850 |
| 1.0260 | 0.9800 |
| 1.0150 | 0.9700 |
