Daily Technical Analysis Trading Analysis of EUR/USD After the release of the U.S. inflation data, EUR/USD started rising, but TD Securities analysts do not have high hopes for this growth.
While the price is below 1.1980, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.1718
- 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 GBP/USD: the dollar determines the dynamics of the major currency pairs.While the price is below 1.3960, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.3823
- 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
Daily Technical Analysis EUR/USD Intraday: bullish bias above 1.1725.
Pivot:1.1725
Our preference:Long positions above 1.1725 with targets at 1.1755 & 1.1770 in extension.
Alternative scenario:Below 1.1725 look for further downside with 1.1705 & 1.1690 as targets.
Comment:Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
GBP/USD Intraday: the bias remains bullish.
Pivot:1.3850
Our preference:Long positions above 1.3850 with targets at 1.3890 & 1.3910 in extension.
Alternative scenario:Below 1.3850 look for further downside with 1.3830 & 1.3805 as targets.
Comment:Technically the RSI is above its neutrality area at 50.
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