EUR/USD may rise to 1.1000 - 1.1140

Pivot

1.0700

Our preference

Long positions above 1.0700 with targets at 1.1000 & 1.1140 in extension.

Alternative scenario

Below 1.0700 look for further downside with 1.0590 & 1.0475 as targets.

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances

1.1275

1.1140

1.1000

1.0907 Last

1.0700

1.0590

1.0475

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