EUR/USD | Euro tso US Dollar Trading Analysis

Source: PaxForex Premium Analytics Portal, Technical Insight

EUR/USD could slip back to 1.0515 – UOB.

EUR/USD,D1

Pivot: 1.0574

Analysis:

While the price is below 1.0750, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 1.0574
• Take Profit 1: 1.0550
• Take Profit 2: 1.0450

Alternative scenario:

If level 1.0750 is broken-out, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 1.0750
• Take Profit 1: 1.0830
• Take Profit 2: 1.0940

Comment:

RSI shows the development of a downtrend in the medium term.