EUR/USD may rise 30 - 44 pips

Our pivot point is at 1.0993.

Our preference

The upside prevails as long as 1.0993 is support.

Alternative scenario

Below 1.0993, expect 1.0969 and 1.0955.

Comment

The RSI is above its neutrality area at 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 1.0996 and 1.0985).

Supports and resistances

1.1084 **

1.1070 *

1.1056 **

1.1042

1.1012 last

1.1002

1.0993 **

1.0969 *

1.0955 **

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