EUR/USD may rise 38 - 63 pips

Pivot

1.1120

Our preference

Long positions above 1.1120 with targets at 1.1175 & 1.1200 in extension.

Alternative scenario

Below 1.1120 look for further downside with 1.1100 & 1.1080 as targets.

Comment

The RSI is mixed and calls for caution.

Supports and resistances

1.1220

1.1200

1.1175

1.1137 Last

1.1120

1.1100

1.1080

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