Source: PaxForex Premium Analytics Portal, Technical Insight
EUR/USD: A breakdown of 1.0650 appears unlikely – UOB Group.
EUR/USD,D1
Pivot: 1.0686
Analysis:
While the price is below 1.0750, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.0686
- Take Profit 1: 1.0600
- Take Profit 2: 1.0500
Alternative scenario:
If the level 1.0750 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.0750
- Take Profit 1: 1.0830
- Take Profit 2: 1.0920
Comment:
RSI shows the development of a downtrend in the medium term.
Resistance | Support |
1.0920 | 1.0600 |
1.0830 | 1.0500 |
1.0750 | 1.0400 |