EUR/USD may rise 20 - 45 pips

Pivot

1.1050

Our preference

Long positions above 1.1050 with targets at 1.1105 & 1.1130 in extension.

Alternative scenario

Below 1.1050 look for further downside with 1.1030 & 1.1015 as targets.

Comment

The break above 1.1050 is a positive signal that has opened a path to 1.1105.

Supports and resistances

1.1150

1.1130

1.1105

1.1085 Last

1.1050

1.1030

1.1015

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