EUR/USD may rise 24 - 44 pips

Pivot

1.1170

Our preference

Long positions above 1.1170 with targets at 1.1210 & 1.1230 in extension.

Alternative scenario

Below 1.1170 look for further downside with 1.1145 & 1.1125 as targets.

Comment

A support base at 1.1170 has formed and has allowed for a temporary stabilisation.

Supports and resistances

1.1250

1.1230

1.1210

1.1186 Last

1.1170

1.1145

1.1125

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