Trading Analysis of EUR/USD & GBP/USD

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Trading Analysis of EUR/USD & GBP/USD – Trading Analysis of EUR/USD The EUR/USD remains under pressure.While the price is below 1.1950, follow the recommendations below:

  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.1812
  • Take Profit 1: 1.1700
  • Take Profit 2: 1.1600

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: 1.2050
  • Take Profit 2: 1.2095

Trading Analysis of EUR/USD & GBP/USD – extended its decline amid looming concerns about the Delta variant.While the price is below 1.3960, follow the recommendations below:

  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.3615
  • Take Profit 1: 1.3540
  • Take Profit 2: 1.3430

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

EUR/USD Intraday: capped by a negative trend line.

Pivot:1.1790

Our preference:Short positions below 1.1790 with targets at 1.1755 & 1.1740 in extension.

Alternative scenario:Above 1.1790 look for further upside with 1.1805 & 1.1825 as targets.

Comment:The RSI is mixed to bearish.

GBP/USD Intraday: under pressure.

Pivot:1.3650

Our preference:Short positions below 1.3650 with targets at 1.3570 & 1.3540 in extension.

Alternative scenario:Above 1.3650 look for further upside with 1.3690 & 1.3725 as targets.

Comment:The RSI is mixed to bearish.

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