EUR/USD may rise 19 - 44 pips

Pivot

1.0800

Our preference

Long positions above 1.0800 with targets at 1.0845 & 1.0870 in extension.

Alternative scenario

Below 1.0800 look for further downside with 1.0785 & 1.0770 as targets.

Comment

A support base at 1.0800 has formed and has allowed for a temporary stabilisation.

Supports and resistances

1.0890

1.0870

1.0845

1.0826 Last

1.0800

1.0785

1.0770

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