EUR/USD may rise 38 - 63 pips

Pivot

1.0865

Our preference

Long positions above 1.0865 with targets at 1.0945 & 1.0970 in extension.

Alternative scenario

Below 1.0865 look for further downside with 1.0835 & 1.0810 as targets.

Comment

The RSI calls for a bounce.

Supports and resistances

1.0990

1.0970

1.0945

1.0907 Last

1.0865

1.0835

1.0810

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