EUR/USD may rise 26 - 41 pips

Pivot

1.1020

Our preference

Long positions above 1.1020 with targets at 1.1060 & 1.1075 in extension.

Alternative scenario

Below 1.1020 look for further downside with 1.1005 & 1.0985 as targets.

Comment

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

Supports and resistances

1.1100

1.1075

1.1060

1.1034 Last

1.1020

1.1005

1.0985

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