EUR/USD may rise 16 - 31 pips

Pivot

1.0875

Our preference

Long positions above 1.0875 with targets at 1.0900 & 1.0915 in extension.

Alternative scenario

Below 1.0875 look for further downside with 1.0860 & 1.0845 as targets.

Comment

A support base at 1.0875 has formed and has allowed for a temporary stabilisation.

Supports and resistances

1.0930

1.0915

1.0900

1.0884 Last

1.0875

1.0860

1.0845

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