EUR/USD may rise 27 - 40 pips

1.1095 is our pivot point.

Our preference

The upside prevails as long as 1.1095 is support.

Alternative scenario

The downside breakout of 1.1095 would call for 1.1072 and 1.1059.

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 1.1095 and 1.1086).

Supports and resistances

1.1182 **

1.1169 *

1.1155 **

1.1142

1.1115 last

1.1104

1.1095 **

1.1072 *

1.1059 **

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