EUR/USD may rise 20 - 35 pips

Pivot

1.0975

Our preference

Long positions above 1.0975 with targets at 1.1010 & 1.1025 in extension.

Alternative scenario

Below 1.0975 look for further downside with 1.0965 & 1.0950 as targets.

Comment

The RSI is mixed with a bullish bias.

Supports and resistances

1.1040

1.1025

1.1010

1.0990 Last

1.0975

1.0965

1.0950

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