EUR/USD may rise 25 - 70 pips

Pivot

1.1070

Our preference

Long positions above 1.1070 with targets at 1.1145 & 1.1190 in extension.

Alternative scenario

Below 1.1070 look for further downside with 1.1055 & 1.1040 as targets.

Comment

The RSI is bullish and calls for further advance.

Supports and resistances

1.1200

1.1190

1.1145

1.1120 Last

1.1070

1.1055

1.1040

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