EUR/USD, 30 min
Pivot: 1.1707
Analysis:
Provided that the currency pair is traded below 1.1730, follow the recommendations below:
- Time frame: 30 min
- Recommendation: short position
- Entry point: 1.1707
- Take Profit 1: 1.1695
- Take Profit 2: 1.1680
Alternative scenario:
In case of breakout of the level 1.1730, follow the recommendations below:
- Time frame: 30 min
- Recommendation: long position
- Entry point: 1.1730
- Take Profit 1: 1.1745
- Take Profit 2: 1.1760
Comment:
RSI is bearish and indicates a downtrend within a day.
Key levels:
Resistance --- Support
1.1760 -------- 1.1695
1.1745 -------- 1.1680
1.1730 -------- 1.1660
EUR/USD, D1
Pivot: 1.1782
Analysis:
While the price is below 1.1950, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.1782
- Take Profit 1: 1.1600
- Take Profit 2: 1.1495
Alternative scenario:
If the level 1.1950 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.1950
- Take Profit 1: 1.2030
- Take Profit 2: 1.2130
Comment:
RSI shows the development of a downtrend in a medium term.
Key levels:
Resistance -- Support
1.2130 -------- 1.1600
1.2030 -------- 1.1495
1.1950 -------- 1.1350
EUR/GBP Forecast Fundamental Analysis | Euro / British Pound
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