Source: PaxForex Premium Analytics Portal, Technical Insight

EUR/USD is now seen within 1.1220-1.1360 - UOB.

EUR/USD,D1

Pivot: 1.1280

Analysis:

While the price is below 1.1530, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 1.1280
• Take Profit 1: 1.1170
• Take Profit 2: 1.1100

Alternative scenario:

If the level 1.1530 is broken-out, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 1.1530
• Take Profit 1: 1.1690
• Take Profit 2: 1.1800

Comment:

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

Key levels: