The beginning of the week promises to be neutral for the currency market and the main currency pair, but locally the mood is not in favor of the euro. A certain risk factor that determines the demand for a "safe" dollar is associated with the complication of relations between the U.S. and China. This will be clearly seen if China allows the approval of a bill to ban separatist and other terrorist activities in Hong Kong. The bill is expected to complicate people's rights and freedoms and ultimately lead to mass protests and unrest. Washington may intervene here, and this keeps investors in suspense.

EUR/USD, 30 min

Pivot: 1.0918

Analysis:

Provided that the currency pair is traded above 1.0900, follow the recommendations below:

• Time frame: 30 min
• Recommendation: long position
• Entry point: 1.0918
• Take Profit 1: 1.0930
• Take Profit 2: 1.0945

Alternative scenario: 

In case of breakdown of the level 1.0900, follow the recommendations below:

• Time frame: 30 min
• Recommendation: short position
• Entry point: 1.0900
• Take Profit 1: 1.0885
• Take Profit 2: 1.0870

Comment:

RSI is bullish and indicates a further growth.

Key levels:

EUR/USD, D1

Pivot: 1.0890

Analysis:

While the price is below 1.0990, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 1.0890
• Take Profit 1: 1.0725
• Take Profit 2: 1.0630

Alternative scenario:

If the level 1.0990 is broken-out, follow the recommendations below.

• Time frame: D1
• Recommendation: long position
• Entry point: 1.0990
• Take Profit 1: 1.1145
• Take Profit 2: 1.1235

Comment:

RSI shows a possibility of a downtrend in a medium term. 

Key levels:

We also advise you to pay attention to the following currency pairs for intra-day trading:

AUD/USD – buy above 0.6535 with 0.6595 and 0.6615 as Take Profit targets. Alternative scenario - if the level of 0.6535 is broken-down, you should consider selling with the targets 0.6515 and 0.6500 as Take Profit.
GBP/USD - long positions above 1.2185 with 1.2230 and 1.2250 targets as Take Profit. Alternative scenario - if the level of 1.2185 is broken-down, sell with the targets 1.2160 and 1.2140 as Take Profit.
USD/CAD – sell below 1.3980 with 1.3915 and 1.3890 targets as Take Profit. Alternative scenario - if the level 1.3980 is broken-out, buy with the TP 1.4000 and 1.4015.