EUR/USD may rise 37 - 51 pips

1.1109 is our pivot point.

Our preference

The upside prevails as long as 1.1109 is support.

Alternative scenario

Below 1.1109, expect 1.1086 and 1.1072.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.1130 and 1.1125).

Supports and resistances

1.1220 **

1.1206 *

1.1192 **

1.1178

1.1141 last

1.1119

1.1109 **

1.1086 *

1.1072 **

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