Source: PaxForex Premium Analytics Portal, Technical Insight
EUR/USD explores further downside ahead of EU GDP prints.
EUR/USD,D1
Pivot: 1.0821
Analysis:
While the price is above 1.0700, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.0821
- Take Profit 1: 1.0900
- Take Profit 2: 1.1000
Alternative scenario:
If level 1.0700 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.0700
- Take Profit 1: 1.0630
- Take Profit 2: 1.0560
Comment:
RSI shows the development of an uptrend in the medium term.
| Resistance | Support |
| 1.1100 | 1.0700 |
| 1.1000 | 1.0630 |
| 1.0900 | 1.0560 |
