Trading Analysis of EUR/USD
EURUSD Analysis -Clarida’s comments are reported by Reuters:
Rollback will depend on data;
The unwinding of the restrictions puts upward pressure on inflation;
The Fed needs to recognize that there is risk in both rising and falling inflation;
Current data is consistent with subdued inflation expectations;
Gives great weight to inflation expectations;
Important to consider wage and productivity growth along with employment and the share of the active population;
Does not believe cryptocurrencies can replace the money.
Our Analysis:
Provided that the currency pair is traded above 1.2180, follow the recommendations below:
Time frame: 30 min
Recommendation: long position
Entry point: 1.2196
Take Profit 1: 1.2215
Take Profit 2: 1.2230
Alternative scenario:
In case of breakdown of the level 1.2180, follow the recommendations below:
Time frame: 30 min
Recommendation: short position
Entry point: 1.2180
Take Profit 1: 1.2160
Take Profit 2: 1.2140
Source: PAXFOREX Forex Broker
EURUSD Analysis – EUR/USD Intraday: the upside prevails.
Pivot:
1.2180
Our preference:
Long positions above 1.2180 with targets at 1.2215 & 1.2230 in extension.
Alternative scenario:
Below 1.2180 look for further downside with 1.2160 & 1.2145 as targets.
Comment:
Technically the RSI is above its neutrality area at 50.
EURUSD Chart
Categories :
Tags : eurusd analysis
