Source: PaxForex Premium Analytics Portal, Technical Insight
EUR/USD sticks to modest gains below mid-1.0800s, upside potential seems limited.
EUR/USD,D1
Pivot: 1.0823
Analysis:
While the price is below 1.1100, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.0823
- Take Profit 1: 1.0750
- Take Profit 2: 1.0650
Alternative scenario:
If level 1.1100 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.1000
- Take Profit 1: 1.1065
- Take Profit 2: 1.1150
Comment:
RSI shows the development of a downtrend in the medium term.
Resistance | Support |
1.1150 | 1.0750 |
1.1065 | 1.0650 |
1.1000 | 1.0550 |