EUR/USD may rise 14 - 34 pips

Pivot

1.1065

Our preference

Long positions above 1.1065 with targets at 1.1100 & 1.1120 in extension.

Alternative scenario

Below 1.1065 look for further downside with 1.1040 & 1.1020 as targets.

Comment

A support base at 1.1065 has formed and has allowed for a temporary stabilisation.

Supports and resistances

1.1140

1.1120

1.1100

1.1086 Last

1.1065

1.1040

1.1020

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