EUR/USD may rise 18 - 33 pips

Pivot

1.0930

Our preference

Long positions above 1.0930 with targets at 1.0955 & 1.0970 in extension.

Alternative scenario

Below 1.0930 look for further downside with 1.0915 & 1.0900 as targets.

Comment

A support base at 1.0930 has formed and has allowed for a temporary stabilisation.

Supports and resistances

1.0980

1.0970

1.0955

1.0937 Last

1.0930

1.0915

1.0900

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