EUR/USD may rise 22 - 47 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 RSI is bullish and calls for further upside.

Supports and resistances

1.1150

1.1130

1.1105

1.1083 Last

1.1050

1.1030

1.1015

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