EUR/USD may rise 26 - 38 pips

1.0959 is our pivot point.

Our preference

Rebound towards 1.1015.

Alternative scenario

The downside breakout of 1.0959 would call for 1.0938 and 1.0926.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.0980 and 1.1010).

Supports and resistances

1.1040 **

1.1027 *

1.1015 **

1.1003

1.0977 last

1.0967

1.0959 **

1.0938 *

1.0926 **

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