EUR/USD may rise 23 - 43 pips

Pivot

1.0915

Our preference

Long positions above 1.0915 with targets at 1.0955 & 1.0975 in extension.

Alternative scenario

Below 1.0915 look for further downside with 1.0895 & 1.0875 as targets.

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances

1.1000

1.0975

1.0955

1.0932 Last

1.0915

1.0895

1.0875

Number of asterisks represents the strength of support and resistance levels.