EUR/USD | Euro tso US Dollar Trading Analysis

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.