Source: PaxForex Premium Analytics Portal, Technical Insight
EUR/USD: The Euro returns to the fore, 1.07 the next challenge.
EUR/USD,D1
Pivot: 1.0682
Analysis:
While the price is below 1.0600, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.0682
- Take Profit 1: 1.0730
- Take Profit 2: 1.0830
Alternative scenario:
If level 1.0600 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.0600
- Take Profit 1: 1.0520
- Take Profit 2: 1.0450
Comment:
RSI shows the development of an uptrend in the medium term.
Resistance | Support |
1.0930 | 1.0600 |
1.0830 | 1.0520 |
1.0730 | 1.0450 |