EUR/USD may rise 26 - 61 pips

Pivot

1.1050

Our preference

Long positions above 1.1050 with targets at 1.1105 & 1.1140 in extension.

Alternative scenario

Below 1.1050 look for further downside with 1.1020 & 1.1000 as targets.

Comment

The RSI has broken down its 30 level.

Supports and resistances

1.1190

1.1140

1.1105

1.1079 Last

1.1050

1.1020

1.1000

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