EUR/USD may rise 30 - 44 pips

1.0904 is our pivot point.

Our preference

The upside prevails as long as 1.0904 is support.

Alternative scenario

The downside breakout of 1.0904 would call for 1.0880 and 1.0866.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.0922 and 1.0922).

Supports and resistances

1.0998 **

1.0983 *

1.0969 **

1.0955

1.0925 last

1.0913

1.0904 **

1.0880 *

1.0866 **

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