EUR/USD may rise 29 - 43 pips

Our pivot point stands at 1.0911.

Our preference

The upside prevails as long as 1.0911 is support.

Alternative scenario

Below 1.0911, expect 1.0888 and 1.0874.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.0924 and 1.0920). Finally, the EUR/USD has crossed above its upper Bollinger band (1.0932).

Supports and resistances

1.1004 **

1.0989 *

1.0975 **

1.0961

1.0932 last

1.0921

1.0911 **

1.0888 *

1.0874 **

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