EUR/USD may rise 13 - 28 pips

Pivot

1.0925

Our preference

Long positions above 1.0925 with targets at 1.0950 & 1.0965 in extension.

Alternative scenario

Below 1.0925 look for further downside with 1.0910 & 1.0895 as targets.

Comment

A support base at 1.0925 has formed and has allowed for a temporary stabilisation.

Supports and resistances

1.0980

1.0965

1.0950

1.0937 Last

1.0925

1.0910

1.0895

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