Trading Analysis of EUR/USD & GBP/USD – Trading Analysis of EUR/USD The EUR/USD remains under pressure.While the price is below 1.1950, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.1812
- Take Profit 1: 1.1700
- Take Profit 2: 1.1600
Alternative scenario:
If the level 1.1950 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.1950
- Take Profit 1: 1.2050
- Take Profit 2: 1.2095
Trading Analysis of EUR/USD & GBP/USD – extended its decline amid looming concerns about the Delta variant.While the price is below 1.3960, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.3615
- 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
EUR/USD Intraday: capped by a negative trend line.
Pivot:1.1790
Our preference:Short positions below 1.1790 with targets at 1.1755 & 1.1740 in extension.
Alternative scenario:Above 1.1790 look for further upside with 1.1805 & 1.1825 as targets.
Comment:The RSI is mixed to bearish.
GBP/USD Intraday: under pressure.
Pivot:1.3650
Our preference:Short positions below 1.3650 with targets at 1.3570 & 1.3540 in extension.
Alternative scenario:Above 1.3650 look for further upside with 1.3690 & 1.3725 as targets.
Comment:The RSI is mixed to bearish.
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