Source: PaxForex Premium Analytics Portal, Technical Insight
EUR/USD: recovery remains limited below 1.0746.
EUR/USD,D1
Pivot: 1.0711
Analysis:
While the price is below 1.0860, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.0711
- Take Profit 1: 1.0600
- Take Profit 2: 1.0500
Alternative scenario:
If the level 1.0860 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.0860
- Take Profit 1: 1.0940
- Take Profit 2: 1.1115
Comment:
RSI shows the development of a downtrend in the medium term.
Key levels:
| Resistance | Support |
| 1.1115 | 1.0600 |
| 1.0940 | 1.0500 |
| 1.0860 | 1.0400 |
