EUR/USD may rise 20 - 40 pips

Pivot

1.1060

Our preference

Long positions above 1.1060 with targets at 1.1110 & 1.1130 in extension.

Alternative scenario

Below 1.1060 look for further downside with 1.1040 & 1.1025 as targets.

Comment

The RSI lacks downward momentum.

Supports and resistances

1.1150

1.1130

1.1110

1.1090 Last

1.1060

1.1040

1.1025

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