Trading Analysis of EUR/USD

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Trading Analysis of EUR/USD USD starts to strengthen on possible QE rollback.While the price is below 1.1980, follow the recommendations below:

  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.1870
  • Take Profit 1: 1.1700
  • Take Profit 2: 1.1600

Alternative scenario:If the level 1.1980 is broken-out, follow the recommendations below:

  • Time frame: D1
  • Recommendation: long position
  • Entry point: 1.1980
  • Take Profit 1: 1.2100
  • Take Profit 2: 1.2190

Trading Analysis of GBP/USD The Bank of England is in no hurry to tighten monetary policy.

While the price is below 1.3960, follow the recommendations below:

  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.3901
  • Take Profit 1: 1.3735
  • Take Profit 2: 1.3570

Alternative scenario:If the level 1.3960 is broken-out, follow the recommendations below:

  • Time frame: D1
  • Recommendation: long position
  • Entry point: 1.3960
  • Take Profit 1: 1.4090
  • Take Profit 2: 1.4240

Source: PAXFOREX Broker

Trading Analysis of EUR/USD EUR/USD Intraday: under pressure.

Pivot:1.1840

Our preference: Short positions below 1.1840 with targets at 1.1810 & 1.1795 in extension.

Alternative scenario:Above 1.1840 look for further upside with 1.1855 & 1.1870 as targets.

Comment: The RSI is mixed to bearish

Trading Analysis of EURUSD

GBP/USD Intraday: under pressure.

Pivot:1.3940

Our preference:Short positions below 1.3940 with targets at 1.3900 & 1.3880 in extension.

Alternative scenario:Above 1.3940 look for further upside with 1.3960 & 1.3980 as targets.

Comment:As long as the resistance at 1.3940 is not surpassed, the risk of the break below 1.3900 remains high.

RoboForex Forex Broker Details


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