EUR/USD may rise 22 - 42 pips

Pivot

1.1160

Our preference

Long positions above 1.1160 with targets at 1.1210 & 1.1230 in extension.

Alternative scenario

Below 1.1160 look for further downside with 1.1140 & 1.1125 as targets.

Comment

The RSI calls for a new upleg.

Supports and resistances

1.1250

1.1230

1.1210

1.1188 Last

1.1160

1.1140

1.1125

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