Trading Analysis of EUR/USD – Goldman Sachs lowered its three-month forecast for EUR/USD to 1.20.
Our Analysis:
While the price is below 1.2020, follow the recommendations below:
Time frame: D1
Recommendation: short position
Entry point: 1.1895
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: consolidation in place.
Pivot:
1.1935
Our preference:
Short positions below 1.1935 with targets at 1.1910 & 1.1895 in extension.
Alternative scenario:
Above 1.1935 look for further upside with 1.1970 & 1.1990 as targets.
Comment:
As long as the resistance at 1.1935 is not surpassed, the risk of the break below 1.1910 remains high.
![](https://www.pipsafe.com/wp-content/uploads/2021/06/EURUSD-2.gif)
Analysts expect the Bank of England to remain cautiously optimistic about the recovery and keep its key rate at 0.1%.
Our Analysis:
While the price is below 1.4075, follow the recommendations below:
Time frame: D1
Recommendation: short position
Entry point: 1.3939
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: break of a ST rising trendline support.
Pivot:
1.3975
Our preference:
Short positions below 1.3975 with targets at 1.3920 & 1.3900 in extension.
Alternative scenario:
Above 1.3975 look for further upside with 1.4000 & 1.4020 as targets.
Comment:
The RSI is mixed with a bearish bias.
![](https://www.pipsafe.com/wp-content/uploads/2021/06/Trading-Analysis-of-EURUSD.gif)
Source: PAXFOREX BROKER
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