EUR/USD,D1
Pivot: 1.1798
Analysis:
While the price is below 1.1900, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.1798
- Take Profit 1: 1.1700
- Take Profit 2: 1.1660
Alternative scenario:
If the level 1.1900 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.1900
- Take Profit 1: 1.1980
- Take Profit 2: 1.2100
Comment:
RSI shows the development of a downtrend in the medium term.
Key levels:
Resistance ---- Support
1.2100 --------- 1.1700
1.1980 --------- 1.1660
1.1900 --------- 1.1580
GBP/NZD Forecast Fundamental Analysis | British Pound / New Zealand Dollar
Prev article
EUR/JPY | Euro to Japanese Yen Trading Analysis
Next article
Related articles
NZD/USD | New Zealand Dollar to US Dollar Trading Analysis
The NZD/USD is consolidating near 0.7000 on Monday holding on to gains made on Friday.
XAU/USD | GOLD/USD Forecast Fundamental Analysis | GOLD Ounce / US Dollar
Australian and New Zealand trade data came in better than expected, but inflation was hotter than forecast in South Korea. Traders will get more inflation data out of Switzerland and the Eurozone this morning. Other reports that may influence the gold price are trade data out of India and industrial production figures from Brazil. Following yesterday’s disappointing ADP employment data out of the US, which saw a downward revision to the previous month, the focus will shift to US initial jobless claims later in the session.