EUR/USD may rise 16 - 31 pips

Pivot

1.0910

Our preference

Long positions above 1.0910 with targets at 1.0945 & 1.0960 in extension.

Alternative scenario

Below 1.0910 look for further downside with 1.0895 & 1.0880 as targets.

Comment

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

Supports and resistances

1.0975

1.0960

1.0945

1.0929 Last

1.0910

1.0895

1.0880

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