EUR/USD may rise 13 - 28 pips

Pivot

1.0840

Our preference

Long positions above 1.0840 with targets at 1.0870 & 1.0885 in extension.

Alternative scenario

Below 1.0840 look for further downside with 1.0825 & 1.0810 as targets.

Comment

A support base at 1.0840 has formed and has allowed for a temporary stabilisation.

Supports and resistances

1.0900

1.0885

1.0870

1.0857 Last

1.0840

1.0825

1.0810

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