EUR/USD may rise 26 - 41 pips

Pivot

1.0920

Our preference

Long positions above 1.0920 with targets at 1.0950 & 1.0965 in extension.

Alternative scenario

Below 1.0920 look for further downside with 1.0900 & 1.0890 as targets.

Comment

A support base at 1.0920 has formed and has allowed for a temporary stabilisation.

Supports and resistances

1.0980

1.0965

1.0950

1.0924 Last

1.0920

1.0900

1.0890

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