EUR/USD may rise 16 - 31 pips

Pivot

1.0875

Our preference

Long positions above 1.0875 with targets at 1.0905 & 1.0920 in extension.

Alternative scenario

Below 1.0875 look for further downside with 1.0855 & 1.0840 as targets.

Comment

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

Supports and resistances

1.0935

1.0920

1.0905

1.0889 Last

1.0875

1.0855

1.0840

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