EUR/USD may rise 19 - 34 pips

Pivot

1.0905

Our preference

Long positions above 1.0905 with targets at 1.0950 & 1.0965 in extension.

Alternative scenario

Below 1.0905 look for further downside with 1.0890 & 1.0875 as targets.

Comment

The RSI calls for a rebound.

Supports and resistances

1.0980

1.0965

1.0950

1.0931 Last

1.0905

1.0890

1.0875

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