Forex

EUR/USD may rise to 1.1015 - 1.1140

2024-05-29

Pivot

1.0710

Our preference

Long positions above 1.0710 with targets at 1.1015 & 1.1140 in extension.

Alternative scenario

Below 1.0710 look for further downside with 1.0600 & 1.0515 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

1.1270

1.1140

1.1015

1.0815 Last

1.0710

1.0600

1.0515

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

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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