EUR/USD | Euro tso US Dollar Trading Analysis

Source: PaxForex Premium Analytics Portal, Technical Insight

EUR/USD could now retest 1.0660 – UOB.

EUR/USD,D1

Pivot: 1.0563

Analysis:

While the price is above 1.0500, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 1.0563
• Take Profit 1: 1.0730
• Take Profit 2: 1.0830

Alternative scenario:

If level 1.0500 is broken-down, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 1.0500
• Take Profit 1: 1.0450
• Take Profit 2: 1.0400

Comment:

RSI shows the development of an uptrend in the medium term.