EUR/USD may rise 24 - 49 pips

Pivot

1.0880

Our preference

Long positions above 1.0880 with targets at 1.0945 & 1.0970 in extension.

Alternative scenario

Below 1.0880 look for further downside with 1.0850 & 1.0830 as targets.

Comment

The RSI calls for a bounce.

Supports and resistances

1.0990

1.0970

1.0945

1.0921 Last

1.0880

1.0850

1.0830

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