Forex Daily News – Trading Analysis of EUR/USD – ECB, Knot: Inflation in Europe is not dead.
Our Analysis:
While the price is below 1.2020, follow the recommendations below:
Time frame: D1
Recommendation: short position
Entry point: 1.1859
Take Profit 1: 1.1775
Take Profit 2: 1.1700
Alternative scenario:
If the level 1.2020 is broken-out, follow the recommendations below:
Time frame: D1
Recommendation: long position
Entry point: 1.2020
Take Profit 1: 1.2095
Take Profit 2: 1.2190
EUR/USD Intraday: bullish bias above 1.1855.
Pivot:
1.1855
Our preference:
Long positions above 1.1855 with targets at 1.1895 & 1.1910 in extension.
Alternative scenario:
Below 1.1855 look for further downside with 1.1840 & 1.1830 as targets.
Comment:
The RSI is bullish and calls for further upside.
Forex Daily News – Trading Analysis of GBP/USD – GBP/USD is stuck in a range – UOB Group.
Our Analysis:
While the price is below 1.4075, follow the recommendations below:
Time frame: D1
Recommendation: short position
Entry point: 1.3830
Take Profit 1: 1.3670
Take Profit 2: 1.3500
Alternative scenario:
If the level 1.4075 is broken-out, follow the recommendations below:
Time frame: D1
Recommendation: long position
Entry point: 1.4075
Take Profit 1: 1.4240
Take Profit 2: 1.4380
GBP/USD Intraday: bullish bias above 1.3860.
Pivot:
1.3860
Our preference:
Long positions above 1.3860 with targets at 1.3900 & 1.3920 in extension.
Alternative scenario:
Below 1.3860 look for further downside with 1.3835 & 1.3815 as targets.
Comment:
The break above 1.3860 is a positive signal that has opened a path to 1.3900.
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