EUR/USD may rise 10 - 25 pips

Pivot

1.0810

Our preference

Long positions above 1.0810 with targets at 1.0835 & 1.0850 in extension.

Alternative scenario

Below 1.0810 look for further downside with 1.0795 & 1.0780 as targets.

Comment

A support base at 1.0810 has formed and has allowed for a temporary stabilisation.

Supports and resistances

1.0870

1.0850

1.0835

1.0825 Last

1.0810

1.0795

1.0780

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