EUR/USD | Euro to US Dollar Trading Analysis

EUR/USD,D1


EUR/USD,D1


Pivot: 1.1687


Analysis:

While the price is below 1.1900, follow the recommendations below:

  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.1687
  • Take Profit 1: 1.1580
  • Take Profit 2: 1.1500


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 ---------- 1.1580

1.1980 ---------- 1.1500

1.1900 ---------- 1.1425

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