EUR/USD may rise 30 - 45 pips

Pivot

1.0890

Our preference

Long positions above 1.0890 with targets at 1.0945 & 1.0960 in extension.

Alternative scenario

Below 1.0890 look for further downside with 1.0875 & 1.0860 as targets.

Comment

A support base at 1.0890 has formed and has allowed for a temporary stabilisation.

Supports and resistances

1.0975

1.0960

1.0945

1.0915 Last

1.0890

1.0875

1.0860

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