EUR/USD may rise 25 - 40 pips

Pivot

1.0810

Our preference

Long positions above 1.0810 with targets at 1.0840 & 1.0855 in extension.

Alternative scenario

Below 1.0810 look for further downside with 1.0790 & 1.0775 as targets.

Comment

A support base at 1.0810 has formed and has allowed for a temporary stabilisation.

Supports and resistances

1.0870

1.0855

1.0840

1.0815 Last

1.0810

1.0790

1.0775

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