Source: PaxForex Premium Analytics Portal, Technical Insight
EUR/USD: Further growth could lead to a retest of 1.0750 - UOB.
EUR/USD,D1
Pivot: 1.0663
Analysis:
While the price is above 1.0580, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.0663
- Take Profit 1: 1.0800
- Take Profit 2: 1.0940
Alternative scenario:
If the level 1.0580 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.0580
- Take Profit 1: 1.0370
- Take Profit 2: 1.0300
Comment:
RSI shows the development of an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 1.1050 | 1.0580 |
| 1.0940 | 1.0370 |
| 1.0800 | 1.0300 |
