EUR/USD may rise 14 - 29 pips

Pivot

1.0865

Our preference

Long positions above 1.0865 with targets at 1.0900 & 1.0915 in extension.

Alternative scenario

Below 1.0865 look for further downside with 1.0850 & 1.0835 as targets.

Comment

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

Supports and resistances

1.0930

1.0915

1.0900

1.0886 Last

1.0865

1.0850

1.0835

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