Source: PaxForex Premium Analytics Portal, Technical Insight
EUR/USD steadies around 1.0900 with eyes on ECB’s Lagarde, US statistics.
EUR/USD,D1
Pivot: 1.0922
Analysis:
While the price is above 1.0750, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.0922
- Take Profit 1: 1.0970
- Take Profit 2: 1.1060
Alternative scenario:
If level 1.0750 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.0750
- Take Profit 1: 1.0670
- Take Profit 2: 1.0600
Comment:
RSI shows the development of an uptrend in the medium term.
Resistance | Support |
1.1150 | 1.0750 |
1.1060 | 1.0670 |
1.0970 | 1.0600 |