EUR and GBP Analysis – ECB head K. Lagarde said in an interview with Politico that it is too early to discuss the end of the bond-buying program within the framework of the PEPP anti-crisis program.
Our Analysis:
While the price is above 1.1980, follow the recommendations below:
Time frame: D1
Recommendation: long position
Entry point: 1.2098
Take Profit 1: 1.2265
Take Profit 2: 1.2350
Alternative scenario:
If the level 1.1980 is broken-down, follow the recommendations below:
Time frame: D1
Recommendation: short position
Entry point: 1.1980
Take Profit 1: 1.1880
Take Profit 2: 1.1775
Source: PAXFOREX BROKER
EUR/USD Intraday: under pressure.
Pivot:
1.2120
Our preference:
Short positions below 1.2120 with targets at 1.2090 & 1.2070 in extension.
Alternative scenario:
Above 1.2120 look for further upside with 1.2140 & 1.2160 as targets.
Comment:
The RSI is mixed to bearish.
EUR and GBP Analysis – Goldman Sachs analysts believe the Fed will not yet signal an imminent unwinding at this week’s monetary policy meeting (June 15).
Our Analysis:
While the price is above 1.3970, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.4116
- Take Profit 1: 1.4240
- Take Profit 2: 1.4380
Alternative scenario:
If the level 1.3970 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.3970
- Take Profit 1: 1.3800
- Take Profit 2: 1.3670
GBP/USD Intraday: under pressure.
Pivot:
1.4135
Our preference:
Short positions below 1.4135 with targets at 1.4090 & 1.4070 in extension.
Alternative scenario:
Above 1.4135 look for further upside with 1.4160 & 1.4185 as targets.
Comment:
The RSI is mixed to bearish.
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