Source: PaxForex Premium Analytics Portal, Technical Insight

ECB, De Kos: we will consider a flexible bond buying program after the pandemic.

EUR/USD,D1

Pivot: 1.1850

Analysis:

While the price is below 1.1980, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 1.1850
• Take Profit 1: 1.1700
• Take Profit 2: 1.1600

Alternative scenario:

If the level 1.1980 is broken-out, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 1.1980
• Take Profit 1: 1.2100
• Take Profit 2: 1.2190

Comment:

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

Key levels: