EURUSD Intraday Trading Analysis of EUR/USD ECB, De Kos: we will consider a flexible bond-buying program after the pandemic.While the price is below 1.1980, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.1850
- 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 pushed back from 1.3845 and returned to 1.3880.While the price is below 1.3960, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.3926
- 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
EURUSD Intraday: further upside.
Pivot:1.1830
Our preference:Long positions above 1.1830 with targets at 1.1865 & 1.1885 in extension.
Alternative scenario:Below 1.1830 look for further downside with 1.1810 & 1.1785 as targets.
Comment:The RSI shows upside momentum.
GBP/USD Intraday: further advance.
Pivot:1.3885
Our preference:Long positions above 1.3885 with targets at 1.3940 & 1.3970 in extension.
Alternative scenario:Below 1.3885 look for further downside with 1.3860 & 1.3840 as targets.
Comment:The RSI is bullish and calls for further advance.
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