EUR/USD may rise 38 - 68 pips

Pivot

1.1070

Our preference

Long positions above 1.1070 with targets at 1.1160 & 1.1190 in extension.

Alternative scenario

Below 1.1070 look for further downside with 1.1050 & 1.1025 as targets.

Comment

The RSI calls for a new upleg.

Supports and resistances

1.1210

1.1190

1.1160

1.1122 Last

1.1070

1.1050

1.1025

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