EUR/USD may rise 20 - 40 pips

Pivot

1.0880

Our preference

Long positions above 1.0880 with targets at 1.0920 & 1.0940 in extension.

Alternative scenario

Below 1.0880 look for further downside with 1.0855 & 1.0840 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

1.0970

1.0940

1.0920

1.0900 Last

1.0880

1.0855

1.0840

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