Forex

EUR/USD may rise 8 - 23 pips

2024-05-31

Pivot

1.0810

Our preference

Long positions above 1.0810 with targets at 1.0845 & 1.0860 in extension.

Alternative scenario

Below 1.0810 look for further downside with 1.0785 & 1.0770 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

1.0885

1.0860

1.0845

1.0837 Last

1.0810

1.0785

1.0770

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

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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