EUR/USD may rise 26 - 46 pips

Pivot

1.1100

Our preference

Long positions above 1.1100 with targets at 1.1150 & 1.1170 in extension.

Alternative scenario

Below 1.1100 look for further downside with 1.1085 & 1.1070 as targets.

Comment

The break above 1.1100 is a positive signal that has opened a path to 1.1150.

Supports and resistances

1.1190

1.1170

1.1150

1.1124 Last

1.1100

1.1085

1.1070

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