EUR/USD, 30 min

Pivot: 1.1895

Analysis:

Provided that the currency pair is traded above 1.1870, follow the recommendations below:

• Time frame: 30 min
• Recommendation: long position
• Entry point: 1.1895
• Take Profit 1: 1.1935
• Take Profit 2: 1.1950

Alternative scenario: 

In case of breakdown of the level 1.1870, follow the recommendations below:

• Time frame: 30 min
• Recommendation: short position
• Entry point: 1.1870
• Take Profit 1: 1.1850
• Take Profit 2: 1.1830

Comment:

RSI is bullish and indicates an uptrend within a day.

Key levels:

Resistance  Support

1.1985 1.1870

1.1950 1.1850

1.1935 1.1830

EUR/USD, D1

Pivot: 1.1894

Analysis:

While the price is below 1.2030, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 1.1894
• Take Profit 1: 1.1800
• Take Profit 2: 1.1700

Alternative scenario:

If the level 1.2030 is broken-out, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 1.2030
• Take Profit 1: 1.2180
• Take Profit 2: 1.2270

Comment:

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

Key levels:

Resistance  Support

1.2270 1.1800

1.2180 1.1700

1.2030 1.1610

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