EUR/USD may rise 25 - 40 pips

Pivot

1.0845

Our preference

Long positions above 1.0845 with targets at 1.0900 & 1.0915 in extension.

Alternative scenario

Below 1.0845 look for further downside with 1.0830 & 1.0815 as targets.

Comment

The immediate trend remains up and the momentum is strong.

Supports and resistances

1.0950

1.0915

1.0900

1.0875 Last

1.0845

1.0830

1.0815

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